JERUSALEM, April 15 -- Israeli Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich issued a joint statement on Saturday evening, asserting that the country's economy remains "solid," despite Moody's recent downgrade of Israel's credit outlook. Moody's lowered Israel's economic outlook from positive to stable on Friday, citing concerns over the "deterioration of Israel's governance" amid ongoing upheaval over the government's controversial judicial reforms. In the statement posted on Smotrich's Twitter account, Netanyahu and Smotrich stated the current instability as "temporary.

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