Lapid: Moody's downgrade is 'proof' Netanyahu's gov't endangers Israelis

"The announcement by the credit rating agency Moody's is proof that the regime coup endangers the livelihood of every Israeli citizen. The lies and attempts to blame others won't help in this case. The facts are clear: the government led by me handed them a strong and prosperous economy and under the watch of Netanyahu and Smotrich everything is falling apart," Lapid wrote on Twitter.

"They should announce that they are stopping the legislative madness and are going to take care of the economy and the livelihood of the country's citizens," Lapid added.

The hi-tech workers' protest joined Lapid in blaming the government for the downgrade, stating that "Moody's announcement and the criticism in it make it clear again, contrary to Netanyahu's lies, that the regime coup and the conduct of the government are harming the Israeli economy and high-tech."

"The damage to high-tech is already felt on a daily basis and the trust of investors, entrepreneurs and international companies will be difficult to restore," the hi-tech workers added. "The investors who always preferred Israel during economic crises and marveled at the national resilience during wars and missiles - today are frightened by an extremist and messianic government that is leading the Startup Nation to a moral and democratic disintegration."