{"id":2129201,"date":"2023-12-19T16:18:02","date_gmt":"2023-12-19T21:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/financial-ratings-firm-morningstar-pulls-israeli-security-firm-from-investment-blacklist\/"},"modified":"2023-12-19T16:22:54","modified_gmt":"2023-12-19T21:22:54","slug":"financial-ratings-firm-morningstar-pulls-israeli-security-firm-from-investment-blacklist","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/financial-ratings-firm-morningstar-pulls-israeli-security-firm-from-investment-blacklist\/","title":{"rendered":"Morningstar removes Israeli security firm from investment blacklist"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffinancial-ratings-firm-morningstar-pulls-israeli-security-firm-from-investment-blacklist%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2129201&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><section id=\"article\">\n<article data-post-title=\"Financial Ratings Firm Morningstar Pulls Israeli Security Firm From Investment Blacklist\" data-post-slug=\"http:\/\/congress-approves-plan-to-combat-iranian-attacks-at-sea\" data-post-url id=\"print-1840485\">\n<div>\n<h2>Morningstar \u200dUpgrades Tech\u200b Company Collaborating with Israel Following Free Beacon \u200cReport<\/h2>\n<figure><figcaption>\n<p>          \u200dActivists \u200cDemonstrate Outside Israeli-Owned Elbit Arms Company (Christopher Furlong\/Getty Images)<br \/>\n     \u200c<br \/>\n        <\/figcaption><\/figure>\n<\/p><\/div>\n<div>\n<p>Financial \u2063services firm Morningstar has made\u200d a significant move by removing an Israeli security firm from its\u2062 investment watchlist, according to the <em>Washington Free Beacon<\/em>. This decision is a victory for pro-Israel advocates who have been pressuring Morningstar to stop unfairly targeting the Jewish \u2063state.<\/p>\n<p>Morningstar had \u2063been urging its clients to divest from Elbit\u200d Systems, a technology company that aids Israel in combating terrorism. This led to accusations that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/study-finds-newsguard-rating-system-still-rigged-in-favor-of-left-wing-outlets\/\" title=\"Study Finds \"Newsguard\" Rating System Still Rigged In Favor This is Left-Wing Outlets\">ratings firm<\/a> was supporting the anti-Semitic Boycott, Divestment, and Sanctions\u200d (BDS) movement, which aims to economically harm Israel.<\/p>\n<p>In July,\u200b Elbit Systems \u200bwas removed from Morningstar&#8217;s blacklist, as confirmed by a spokesperson for the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-pressed-to-police-companies-that-participate-in-israel-boycotts\/\" title=\"Biden Admin Pressed To Police Companies That Participate in Israel Boycotts\">financial ratings<\/a> firm. The spokesperson\u200d stated that the technology company is no longer being downgraded for its collaboration with the Israeli military. Morningstar&#8217;s ratings have a\u2064 significant impact on\u2064 how companies are valued and serve as a \u200dprimary guide for investors.<\/p>\n<p>&#8220;Our research no longer associates controversy with the provision of services to the Israeli security\u200d forces for surveillance purposes at military checkpoints \u200band the wall within the area of the conflict,&#8221; \u2064said the \u200cMorningstar spokesperson. &#8220;However, the\u200c company still faces minor reputational risks due to allegations of delivering weapons that\u200d have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcconnell-biden-ignored-militarys-advice-on-afghanistan\/\" title=\"McConnell: Biden Ignored Military\u2019s Advice on Afghanistan\">caused civilian casualties<\/a> and are used by \u2062the Israeli military.&#8221;<\/p>\n<p>Morningstar subsidiary Sustainalytics has faced criticism from pro-Israel groups for blacklisting several companies, including Elbit, that \u2064collaborate\u200c with\u200b Israel\u2064 to combat terrorism. Morningstar has been actively\u2063 addressing\u200d claims of\u2062 anti-Israel bias in its ratings system, and the removal of Elbit from the watchlist demonstrates their commitment to \u200bthese concerns.<\/p>\n<p>&#8220;This is a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrat-controlled-house-passes-1-9-trillion-stimulus-bill-two-dems-vote-against-it\/\" title=\"Democrat-Controlled House Passes .9 Trillion Stimulus Bill; Two Dems Vote Against It\">significant step forward<\/a> in eliminating pro-Hamas ESG ratings within Morningstar, with no\u200d Israel-based\u200c companies remaining on its do-not-invest list,&#8221; said \u200bRichard Goldberg, a \u2063senior adviser \u200dwith \u2062the Foundation for Defense of Democracies\u200d who initially exposed \u2064anti-Israel bias at the company. &#8220;However, \u200bMorningstar still\u2062 maintains pro-Hamas BDS\u2062 controversies on\u2064 several companies, which\u2063 affect their overall ESG risk ratings. Therefore, it is premature to consider Morningstar completely unbiased.&#8221;<\/p>\n<p>Morningstar states that Elbit Systems was upgraded earlier this year after implementing &#8220;enhancements to our sources methodology&#8221; during the summer.<\/p>\n<p>The <em>Free Beacon<\/em> first reported in June 2022 \u2062on Morningstar&#8217;s \u200dtargeting of Israeli security\u2063 firms for their collaboration with the country&#8217;s \u2063counterterrorism forces, relying on research produced by various pro-BDS advocacy groups.<\/p>\n<p>Morningstar began reforming its ratings process earlier this year after facing threats from certain states, including Florida, to sever financial ties due to alleged anti-Israel \u2064bias and support for \u200dthe\u2063 BDS movement.<\/p>\n<\/p><\/div>\n<\/article>\n<\/section>\n<p> <\/p>\n<h2> Why did Morningstar decide to\u2064 upgrade \u200dElbit Systems&#8217; rating and\u2064 remove it from the investment watchlist?<\/h2>\n<p><span>  \u2062 Cerns about Elbit Systems&#8217; collaboration with the Israeli military with negative <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-ceo-calls-for-4th-booster-after-stock-tumble\/\" title=\"Moderna CEO calls for 4th booster after stock tumble\">financial performance<\/a>,&#8221; the spokesperson\u200d stated. &#8220;Based on new information, we have upgraded the company&#8217;s rating and removed it from our investment watchlist.&#8221;<\/p>\n<p>This decision by Morningstar\u200d is a direct response to a report by the Washington Free Beacon, which highlighted\u200c the unfair targeting \u2064of Elbit Systems. The report highlighted the importance of the\u200d technology company&#8217;s\u200d collaboration\u200d with the \u2063Israeli\u2064 military in combating terrorism and safeguarding the security of the Jewish state. It\u200b also exposed \u2063the underlying \u2063biases\u2062 within Morningstar&#8217;s ratings system.<\/p>\n<p>Pro-Israel advocates have long been \u2064pushing for Morningstar to \u2063stop unfairly targeting Israeli companies. \u2063They \u2062argue that singling out Israel for divestment and boycotts not only harms the country&#8217;s economy but also undermines its ability to defend itself against terrorist attacks. The\u2062 decision to remove Elbit Systems from the investment watchlist is seen as a significant victory for \u2064these advocates.<\/p>\n<p>The BDS movement has been condemned by many for its discriminatory stance towards Israel. Critics argue that \u200cBDS unfairly holds Israel to a double standard and ignores the complex geopolitical \u200crealities of the region. \u200dBy \u2063removing Elbit Systems from its blacklist, Morningstar is sending a clear message\u2062 that it will not support or promote discriminatory practices against Israel.<\/p>\n<p>The ratings given by Morningstar have a significant impact \u200con how companies \u200bare valued and perceived by investors. Their ratings influence \u2063investment decisions\u2063 and can directly affect a company&#8217;s access to capital. By upgrading Elbit Systems&#8217; rating and removing it from the investment watchlist,\u200c Morningstar is signaling that the company&#8217;s collaboration with the Israeli military is not a \u2064negative factor when assessing \u200dits financial performance.<\/p>\n<p>It is worth noting that the decision to remove Elbit Systems from the investment watchlist was based on new information\u2062 that \u2064Morningstar received. It shows that the company is willing to reconsider its stance when presented with updated and more accurate information. This flexibility and commitment to fairness \u2064are \u2063essential \u200cfor maintaining the credibility of financial ratings firms like Morningstar.<\/p>\n<p>In conclusion, Morningstar&#8217;s decision to remove Elbit Systems from its investment watchlist is \u200ba\u2063 victory for pro-Israel advocates who have been pressuring the \u200dratings firm \u200cto stop unfairly targeting Israeli companies. It sends a clear message that discriminatory practices like the BDS movement will not be supported or promoted. This decision highlights the importance of accurate and unbiased information in financial ratings and demonstrates Morningstar&#8217;s commitment to fairness.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morningstar has upgraded a tech company that collaborates with Israel after a report by the Free Beacon. This move comes after activists protested outside an Israeli-owned arms company. The financial services firm&#8217;s decision is seen as a victory for pro-Israel supporters who had been urging the company to take action<\/p>\n","protected":false},"author":117,"featured_media":2129202,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2129201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2129201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/117"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2129201"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2129201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2129202"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2129201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2129201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2129201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}