As the Israeli Occupation continues to mount its costly aggression against both the Gaza Strip and Lebanon; Moody’s credit agency –one of the big three rating agencies– is expected to lower “Israel’s” credit rating in the coming days.

In a report published by Hebrew Channel 12, the downgrade will come soon following the pessimistic economic assessment especially after the ongoing escalation of war in the north.

Moody’s planned for the official assessment to be published in November. However, following the violence flare-up in the north the past week and discussion with officials in the Bank of Israel and other senior officials; the credit rating agency will make its assessment sooner than originally planned.

Senior treasury officials are now scrambling to prevent a similar credit downgrade by the other top rating agencies –Fitch and S&P Global– after the officials said it was probably a “lost battle” with Moody’s.

Another mitigating factor worrying the “Israeli” treasury officials is the delay in the promised American aid.

US officials said that not all of the aid budget allocated to “Israel” will arrive this year.

President Joe Biden promised an aid package worth almost USD nine billion, but only three and a half reached “Israel”.

The “Israeli” treasury was banking to receive the full amount of aid this year, but the remaining five billion dollars will be given in installments, causing the deficit in the budget to grow; forcing them to make more economic cuts for next year – according to Hebrew Channel 12.