Moody’s drops Israel Discount Bank

Moody's Investors Service said it downgraded Israel Discount Bank Ltd.'s long-term deposit ratings to Baa1 from A3 and baseline credit assessment to ba1 from baa3.

The bank's deposit ratings maintain a negative outlook.

Moody’s said the downgrade was primarily driven by the ongoing pressure on the bank's earnings-generating capacity and efficiency metrics and, to a lesser extent, by its still moderate capital buffers.

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