S&P ratings agency has downgraded Israel. What does it mean?

Ratings agency S&P Global has downgraded the nation of Israel from an ‘AA-’ to an ‘A+’ rating, with a negative outlook. The agency released a statement on the matter saying: On April 18, 2024, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to ‘A+’ from ‘AA-‘...