The report by S&P contrasts to statements made by the IMF and Moody's when they said that Israel faces economic risks because of the judicial reforms.
According to Alex Zabezhinsky, the chief economist of Meitav Investment House, the government can't meet the budget deficit target.
While pundits and Israel’s PM insist that Moody’s downgrade of Israel’s economic forecast holds little weight, experts suggest otherwise.
Bank of Israel raised the national interest rate by 0.25%, up to 4.5%, the highest the rate has been since December 2006.
Smotrich: “My position regarding the reform is known and I believe that it has great opportunities for the economy.”
Finance Minister Bezalel Smotrich stated that since Fitch, a credit ratings company, has kept Israel's credit rating above A+ that this is a sign of success, but in reality these are warning signs.
Yaron warned that investors may begin to withdraw money and invest it elsewhere as Israel's government pushes ahead with judicial reform.
Experts warned that following the collapse, Israeli startups will face decreased valuation and increased competition for funding.
SVB had branches in Canada, the UK, China, Denmark, Germany, India, Israel and Sweden, and the scenes coming out of California are just the beginning.
Netanyahu says he is closely following the events.