NYC Comptroller Levine Reverses Israeli Bond Reinvestment Pledge Over Credit Ratings
Updated
Updated · Haaretz · Oct 14
NYC Comptroller Levine Reverses Israeli Bond Reinvestment Pledge Over Credit Ratings
3 articles · Updated · Haaretz · Oct 14
Summary
Mark Levine has dropped his campaign promise to reinvest New York City funds in Israeli government bonds, according to a New York Times report published Wednesday.
Credit-rating concerns drove the reversal, shifting the comptroller away from a pledge he had made while running for the office.
The move marks a change in investment posture for one of the city's top financial officials and puts Israel's credit standing at the center of the decision.