JERUSALEM—Israel’s government on Saturday rebuffed an outlook downgrade on the country from credit ratings agency Moody’s, while tens of thousands of Israelis returned to the streets to protest against a planned overhaul of the country’s judiciary.
Moody’s report issued on Friday marks the latest warning about a potential economic backlash to Prime Minister Benjamin Netanyahu’s legislative push.
The move includes giving politicians greater sway on selecting judges and limiting the power of the Supreme Court to strike down legislation.
Moody’s affirmed Israel’s sovereign credit rating at “A1” while revising its outlook to stable from positive….