On October 17, 2025, Moody's announced its decision to keep Israel's credit rating unchanged, pending confirmation that the current ceasefire in Gaza will be sustained. The credit rating agency stated that while the ceasefire is a positive development for Israel's credit profile by allowing a renewed focus on economic and fiscal matters, a significant improvement to the rating would only be considered after a prolonged period of stability beyond the initial phase of the agreement. Moody's expressed that future phases of the deal are anticipated to be increasingly challenging to implement and that there remains a high risk of the ceasefire collapsing, which could lead to a resumption of military conflict. In separate news on the same day, Moody's affirmed Kyrgyzstan's B3 credit rating and upgraded the country's outlook from "stable" to "positive".