Israeli Spyware Firm Behind Pegasus Faces Risk of Default After US Blacklisting | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Israeli Spyware Firm Behind Pegasus Faces Risk of Default After US Blacklisting

In early November, Israeli spyware company NSO Group, which is behind "Pegasus," was sanctioned by the United States over its alleged involvement in activities that pose a threat to American national security.

NSO Group appears to be on the verge of defaulting on half-a-billion dollars' worth of debt, as estimated by credit agency Moody's.

The agency has also downgraded NSO Group by two levels to Caa2, which is eight levels below investment grade.

The estimation comes shortly after the United States blacklisted the firm earlier in November, arguing that the company had been engaging in activities that threaten American national security.

The US sanctions were slapped on NSO in the wake of the Pegasus scandal, which centred around spyware used by Israel to track terrorists but then revealed to have been used to track thousands of political dissidents, journalists, rights activists, and businesspeople.

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