Skip to main content

Moody’s issues warning about Israel’s judicial reform

The credit agency is one of several institutions to warn the controversial reform could hurt the Israeli economy.
A sign for Moody's rating agency is displayed at the company headquarters in New York, on Sept. 18, 2012.

A leading credit rating agency said Tuesday that Israel’s controversial judicial reform bill could hurt the country’s economy, debt rating and attractiveness for investment. 

Moody’s released a report on the Israeli government’s efforts to reform the country’s judiciary. Prime Minister Benjamin Netanyahu’s Cabinet is seeking to reduce the Supreme Court’s power to overturn legislation and apply stronger political control over judicial appointments. Much of the Israeli public is against the proposal, believing it will hurt Israeli democracy. The Israeli right has long held the court in contempt for blocking its plans, and Netanyahu believes the reform will help reflect the popular will. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.