Amid continued fighting between Israel and Iran, Hamas, and Hezbollah, credit rating agencies have cut Israel's credit rating and have warned about the potential for more cuts (US News & World Report, MSN [Reuters], Fitch Ratings, Investopedia). Fitch, Moody's, and S&P are the "Big Three" global credit rating agencies, which assign ratings on a borrower's likelihood of repaying its debts (Investopedia). One level above "junk" for Fitch, Moody's, and S&P are, respectively, "BBB-," "Baa3," and "BBB-," and any "Non-investment-grade" rating, often referred to as "junk," will count (Fidelity - Bond Ratings). As of 3 October 2024, the long-term credit ratings for Israel were "A" from Fitch, "Baa1" from Moody's, and "A" from S&P.

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