Sources claim agency 'affected by the atmosphere, friends in Israel are telling them tales'; Netanyahu, Smotrich in statement: ‘With God’s help’ economy will remain strong

Lapid says 'everything falling apart' under current leadership; Liberman: Netanyahu 'destroying economy'; Labor's Lazimi slams 'parade of false narratives'

Leading US credit agency acts on warning to change outlook, despite reported talks with Netanyahu, Herzog; keeps credit rating at cautious A1 amid 'strong economic growth'

Shekel continues to depreciate amid investor concern that, following credit agency's earlier warnings, outlook could be changed from positive to stable in coming days

Currency currently trading at 3.68 to the dollar and 4.02 to the euro, ahead of Moody's country credit rating update on Friday

Central bank lifts rates by 0.25%, smallest rise since April; in most pessimistic scenario, potential impact of judicial plan could be 2.8% annual hit to GDP over the next 3 years

GDP projected to grow at a more gradual pace, around 3%, in 2023 amid global and domestic uncertainty; unemployment rate will rise to 4.3% at the end of the year

Chief economist estimates potential credit rating downgrade could lead to losses of NIS 50-100 billion a year to GDP, slashing tax revenues

Chief accountant emphasizes need to restore certainty for investors, rating agencies; manufacturers say Israeli entrepreneurs are looking to open factories abroad

Psagot Investment House and IBI Investment House see no fear of contagion to financial stability of Israeli banks; lenders have capital buffers to withstand times of turmoil