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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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The post As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now appeared first on Jewish Telegraphic Agency.
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Defense Minister Moves to Shut Down Israel’s Historic Army Radio Station
Israeli Defense Minister Israel Katz looks on, amid the ongoing conflict in Gaza between Israel and Hamas, in Jerusalem, Nov. 7, 2024. Photo: REUTERS/Ronen Zvulun
i24 News – Israel’s defense minister, Israel Katz, said he plans to bring a proposal to the government on Sunday to close Galei Tzahal, the Israel Defense Forces’ radio station, ending a broadcast operation that has been on the air for more than seven decades.
If approved, the shutdown would take effect on March 1, 2026.
The announcement has triggered sharp backlash from journalists, legal experts, and civil society groups, who warn the move could have far-reaching implications for press freedom. Tal Lev-Ram, the station’s commander, has already signaled that Galei Tzahal’s leadership intends to challenge the decision in the High Court of Justice. Attorney General Gali Baharav-Miara also voiced concern, cautioning that the plan could amount to political intervention in public media and pose risks to freedom of expression.
Criticism has also come from the Israeli Press Council, headed by former Supreme Court justice Hanan Melcer, which labeled the proposed closure unlawful.
The council argued that dismantling a public broadcaster requires explicit legislation passed by the Knesset, not a government decision alone. Advocacy organizations, including the Movement for Quality Government, said they are preparing legal petitions as well.
Katz defended the initiative by citing the findings of a professional review committee, which concluded that a military-run radio station broadcasting political and current affairs programming to the general public represents a “democratic anomaly.”
He argued that Galei Tzahal has moved beyond its original mandate of serving soldiers and their families.
The committee examined a range of alternatives, such as converting the station into a music-only outlet or partially privatizing its operations.
Ultimately, it recommended either closing the station altogether or significantly scaling it back by removing political content. Katz noted that Galgalatz, the popular music station operated by the army, would continue broadcasting under the proposed plan.
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Trilateral Summit: Israel, Greece, Cyprus to Discuss Regional Security
Israeli Prime Minister Benjamin Netanyahu participates in the state memorial ceremony for the fallen of the Iron Swords War on Mount Herzl, Jerusalem on Oct. 16, 2025. Photo: Alex Kolomoisky/POOL/Pool via REUTERS
i24 News – Jerusalem will host a trilateral summit tomorrow, bringing together leaders from Israel, Greece, and Cyprus to discuss strengthening security cooperation in the eastern Mediterranean.
The summit follows reports by Amichai Stein of i24NEWS last week that the three countries are considering the formation of a joint rapid-response military unit.
The Israeli Prime Minister is scheduled to hold bilateral meetings with each of his counterparts before convening the full trilateral session, which will conclude with a joint press statement outlining the summit’s outcomes.
Media reports indicate that the initiative is driven in part by concerns in Athens over Turkey’s growing military activity in the region. The proposed rapid-response force is expected to enhance coordination, readiness, and overall security among the three allies.
Analysts say the meeting could solidify Israel, Greece, and Cyprus’s strategic partnership and signal a more unified approach to regional defense challenges.
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Justice Department Restores Trump Photo to Public Database of Epstein Files
An exterior image from the U.S. Virgin Islands property on Little St. James once owned by Jeffrey Epstein. via U.S. Justice Department
A photo of US President Donald Trump that had been removed from the cache of Jeffrey Epstein files released by the Department of Justice was restored on Sunday after officials determined none of Epstein’s victims were in the image, the department said.
The photo showing a desk with an open drawer containing a photo of Trump with various women was flagged by the Southern District of New York for review to protect potential victims.
“After the review, it was determined there is no evidence that any Epstein victims are depicted in the photograph, and it has been reposted without any alteration or redaction,” the Justice Department said on X on Sunday.
Deputy Attorney General Todd Blanche said earlier on Sunday his office removed the photo because of concerns about women in the photo. “It has nothing to do with President Trump,” Blanche said during a Sunday morning appearance on NBC’s “Meet the Press with Kristen Welker.”
The Justice Department released thousands of documents on Friday related to Jeffrey Epstein, a convicted sex offender who committed suicide in 2019. But it has drawn criticism, including from some Republicans, over extensive redactions and few documents mentioning Trump despite his well-publicized friendship with Epstein.
During an ABC News interview on Sunday, Democratic House Minority Leader Hakeem Jeffries called for a “full and complete investigation as to why the document production has fallen short of what the law clearly required.”
Up to 16 photos, including the desk drawer Trump image, were removed on Saturday from the Justice Department website, according to The New York Times, NPR and the Associated Press, although Reuters could not independently confirm the removals.
The Justice Department said on Sunday it acted with an abundance of caution after receiving requests from alleged victims and their lawyers to remove information.
Trump has not been accused of wrongdoing and has denied knowing about Epstein’s crimes.