Israel’s long-term credit rating is being downgraded by S&P, which cited the risk of military escalation with Iran. It is the second major U.S. credit ratings agency to do so. There was an apparent drone attack at a major air base and a nuclear site near the central city of Isfahan early Friday, which is suspected of being part of an Israeli retaliation for Tehran’s unprecedented drone-and-missile assault on the country days ago. S&P’s downgrade was issued shortly before the strike in Iran, and almost three months after Moody’s, another major U.S.