SP Global has downgraded Israels long-term credit rating from A+ to A, citing risks to the countrys economy and public finances from ongoing military conflicts, particularly those involving Gaza, and potential

(Reuters) -S&P Global downgraded Israel's long-term ratings to 'A' from 'A+' on Tuesday, citing risks to the country's economy and public finances from the escalating conflict with Iran-backed armed movement Hezbollah in Lebanon.

By bne Tel Aviv bureau S&P Global has downgraded Israel's long-term credit rating to 'A' from 'A+', citing risks to the country's economy and public finances from the escalating conflict with Iran-backed Hezbollah in Lebanon,

Gaza S&P Global Ratings downgraded Israel's credit rating amid the escalation of hostilities with its Middle East neighbours, the third such action from a major ratings agency in a span of less than two months,

A two-notch downgrade of Moody's Israel credit rating may not be the last, analysts say, as war on two fronts spurs state spending and raises fears that the economy may not recover as quickly as in past conflicts.