UK: Morgan Stanley cuts Israel sovereign credit to "dislike stance" after judiciary changes
LONDON, July 25 (Reuters) - Morgan Stanley cut Israel sovereign credit to a "dislike stance" on Tuesday after the country's parliament passed the first in a series of laws sought by Prime Minister Benjamin Netanyahu to limit the power of the Supreme Court
"We see increased uncertainty about the economic outlook in the coming months and risks becoming skewed to our adverse scenario," Morgan Stanley's analysts said in a research note.
"Markets are now likely to extrapolate the future policy path and we move Israel sovereign credit to a 'dislike stance'."