Moody’s: Zionist Spyware Company NSO Defaulting on $500mn Debt

Date: 23 November 2021 - 21:31

News ID: ۹۶۹۲۳

WEST BANK (Dispatches) – The Zionist regime’s NSO Group, which produces the Pegasus spyware used to hack phones is about to default on its $500mn debt, following a U.S. decision to blacklist the company, credit rating agency Moody’s announced on Monday.
The company is currently valued at over $1bn, but sales have dropped following a decision by the U.S. Commerce Department to blacklist the company based on evidence that it “developed and supplied spyware to foreign governments that used these tools to maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers”.
This summer, a series of investigations under the coordination of Forbidden Stories showed how Pegasus, NSO Group’s flagship product, was used by governments to spy on activists, journalists and political dissidents. Governments such as Saudi Arabia, Morocco, Bahrain and the United Arab Emirates have been accused of using the spyware.
Moody’s estimates that NSO’s debt is 6.5 times its earnings this year.
The Zionist company has already seen declining revenue since 2020 and it is at risk of breaching an agreement on its debt that could put the company in default, according to Moody’s.

‘France Cut Talks as Scandal Broke’

The French government was finalizing plans to buy NSO Group’s Pegasus spyware in July but cut off negotiations when it realized politicians, including President Emmanuel Macron, may have been targeted with the product, the MIT Technology Review reported on Tuesday.
Meanwhile, the UK’s Foreign, Commonwealth and Development Office (FCDO) declined to say whether the UK government is an NSO Group customer when MEE asked this week.
An FCDO spokesperson said: “While we do not comment on operational matters, the UK’s intelligence agencies are governed by a robust regulatory framework to ensure our capabilities are always used in a way that is legal, necessary and proportionate.”