In the video: Dozens of protesters gathered outside the Mimouna complex in Hadera where Netanyahu will arrive (Walla system!)
Prime Minister Binyamin Netanyahu and Finance Minister Bezalel Smotrich rejected the Moody's credit rating forecast this evening (Saturday), saying that "Israel's economy is stable and solid and with God's help it will remain so."
"The concern that Moody's analysts raise about the public controversy and its effect on Israel's political and economic stability is natural for those who do not know the strength of Israeli society," a joint statement said.
"As those who believe in the strength of Israeli society, its unity and its ability to overcome disputes and crises, as we have done many times in the past, we are convinced that with God's help it will be so this time as well."
They further said, "By their very nature, intense political disputes lead to protest and can create temporary uncertainty, these are risks that are taken into account and defined within the economic assessments of the State of Israel.
"There will be no damage to Israeli democracy and the Israeli economy. And we will continue to lead a responsible economic, security and social policy and do everything for a stable, growing and prosperous Israeli economy."
Smotrich and Netanyahu (Photo: Flash 90, Yonatan Zindel)
Moody's credit rating agency announced yesterday the lowering of Israel's credit rating horizon from "positive" to "stable".
This, against the background of concern in recent days about the drop in the rating due to the effects of the proposed changes in the legal system.
About a month and a half ago, Moody's published a study that warns of a drop in the credit rating in the long term if the legislation continues, before the negotiation procedures at the President's residence began.
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Benjamin Netanyahu
Bezalel Smotrich
