Fitch keeps Israel 'A' credit rating with negative outlook; Air Canada suspends Israel/Dubai flights to September
Fitch affirmed Israel's 'A' credit rating but kept negative outlook, citing 'continued rise in public debt' and 'war-related tail risks.' Fitch's baseline: 'the current war will likely greatly diminish Iran's threat to Israel.' Separately, Air Canada extended its suspension of all Ben Gurion and Dubai flights through September 8 — effective aviation shutdown for the region for at least six more months.
Actor responses
Fitch: 'Israel's military operations have somewhat diminished geopolitical risks... baseline assumes war will likely greatly diminish Iran's threat to Israel.' Israel's A credit rating maintained despite war-related debt surge.
Air Canada's extension of flight suspension to Israel and Dubai through September 8 signals that major international carriers are pricing in at least six more months of conflict, regardless of the April 6 diplomatic deadline.
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