"S&P lowered the ratings on long-term foreign- and local- currency debt to B, five steps below investment grade, from B+, according to an e-mailed statement from London today. The outlook was negative, suggesting the next move may be another cut. It was the country’s third downgrade at S&P in four months."
if i were israel, i would be more concerned about a failed state on my border than iran having nukes........from bloomberg...
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