Moody’s Investors Service

became the last of the largest three credit assessors to warn of risks to Israel’s debt rating and economic prospects from Prime Minister Benjamin Netanyahu’s planned changes to the country’s legal system. The rating company said the revamp, if implemented, “could materially weaken the strength of the judiciary and as such be credit negative.” Israel has an A1 rating from Moody’s, its fifth-highest grade, with a positive outlook. Credit companies are taking an increasingly dim view of the legislative push by Israel’s far-right cabinet that took office late last year. Fitch Ratings this month issued a warning similar to Moody’s, and S&P Global Ratings has said the direction the new government appears to be taking “raises concerns.”