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As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
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Canada Boosts Security at US, Israeli Diplomatic Buildings After Consulate Shooting
A member of law enforcement personnel works at the scene outside the US Consulate after shots were fired, in Toronto, Ontario, Canada, March 10, 2026. Picture taken with a mobile phone. Photo: REUTERS/Kyaw Soe Oo
Canada is increasing security around US and Israeli diplomatic buildings after a shooting at the US consulate in Toronto, a Canadian police official said on Tuesday.
Royal Canadian Mounted Police Chief Superintendent Chris Leather said the consulate shooting is being investigated as a “national security incident,” although it’s too early to determine the motive.
Leather said the US and Israeli consulates in Toronto, the country’s most populous city, and embassies in the capital Ottawa will be seeing a change in the security posture in response to the shooting.
“These consulates deserve a heightened amount of vigilance and security at this time in the hopes that we can bring the temperature down in the coming days and weeks,” Leather told reporters at a press conference.
Toronto Police Deputy Chief Frank Barredo said police were called to the US consulate in Toronto around 5:30 am ET on Tuesday, where they found spent shell casings and damage to the building.
Barredo said witness evidence indicated that two men exited a white SUV that was stopped outside the consulate around 4:30 am ET, shot a handgun at the front of the building and then drove away.
While there were people in the building at the time of the shooting, police say no one was injured.
SYNAGOGUE SHOOTINGS
The consulate shooting follows three separate incidents last week where gunshots were fired at synagogues in the Toronto area. No one was injured in those shootings. Canadian Prime Minister Mark Carney called the attacks “criminal antisemitic assaults.”
Barredo said it’s too early to draw a connection between the consulate shooting and those at the synagogues.
“We definitely will be looking at any possible connections. Obviously, it is far too early in this investigation, but we do not look at them in isolation,” he said.
Canada‘s public safety minister described the consulate shooting as an unacceptable incident.
“The shooting … is absolutely unacceptable. Canada will never tolerate intimidation and violence of any kind, including towards our American friends in Canada,” Public Safety Minister Gary Anandasangaree said in a post on X.
The US State Department said in a statement that it was aware of the incident and was closely monitoring the situation in coordination with local law enforcement.
Separately, on Sunday, an improvised device exploded in Norway at the US embassy in Oslo, and police were still searching for a suspect, with a possible link to the Iran war among the lines of inquiry.
In New York City, two men have been charged with terrorism after throwing a homemade bomb at anti-Islam protesters over the weekend.
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Suspected Hamas Member Detained in Cyprus Over Weapons Procurement
Palestinian Hamas terrorists stand guard at a site as Hamas says it continues to search for the bodies of deceased hostages, in Beit Lahiya in the northern Gaza Strip, Dec. 3, 2025. Photo: REUTERS/Stringer
Cypriot authorities have detained a suspected member of Palestinian terrorist group Hamas wanted in Germany for procuring weapons and ammunition for attacks on Israeli or Jewish facilities, German federal prosecutors said on Tuesday.
The Lebanese-born suspect, identified only as Kamel M. in line with German privacy rules, was detained at Cyprus‘ Larnaca airport on March 6, arriving from Lebanon, they added in a statement.
The suspect is wanted in relation to the transport of 300 rounds of live ammunition, according to prosecutors. It wasn’t clear from the statement where the rounds had come from, or where they were thought to be heading.
“The operation served as preparation for deadly Hamas attacks on Israeli or Jewish institutions in Germany and Europe,” they said.
Police also searched the suspect’s apartment in Berlin.
Once Kamel M. is extradited to Germany, a judge will decide on pre-trial detention, the statement said.
Attacks against Jews and Jewish targets have risen worldwide since Israel’s war against Hamas in Gaza, triggered by the Islamist group’s 2023 attacks on Israel.
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Russia Told Trump It Isn’t Sharing US Military Asset Info With Iran, Says Witkoff
Russian President Vladimir Putin and Iranian President Masoud Pezeshkian attend a documents signing ceremony in Moscow, Russia, Jan. 17, 2025. Photo: REUTERS/Evgenia Novozhenina/Pool
Russia has denied sharing intelligence with Iran on US military assets in the Middle East, US special envoy Steve Witkoff said on Tuesday in a CNBC interview.
Witkoff said the denial came during a phone call that US President Donald Trump had with Russian President Vladimir Putin on Monday.
The Washington Post reported on Friday that Russia was providing Iran with targeting information that included locations of US warships and aircraft in the Middle East.
“Yesterday on the call with the president, the Russians said that they have not been sharing,” Witkoff said when asked if Washington thought Russia had shared with Tehran intelligence about the location of US military assets.
“We can take them at their word. But they did say that. And yesterday morning, independently, Jared [Kushner] and I had a call with [Kremlin foreign policy aide Yuri] Ushakov who reiterated the same,” said Witkoff.
He added: “That’s a better question for the intel people, but let’s hope that they’re not sharing.”