Hezbollah retirement funds on CreditWatch: Negative.
From Reuters, September 27:
Moody's on Friday downgraded Israel's credit rating two notches to "Baa1" from "A2" and maintained a negative outlook amid escalation of the conflict in the region with Lebanese armed group Hezbollah.
"The key driver for the downgrade is our view that geopolitical risk has intensified significantly further, to very high levels, with material negative consequences for Israel's creditworthiness in both the near and longer term," Moody's said.The downgrade kept Israel's rating three notches into investment grade. However, Moody's warned that uncertainties over the country's security and its longer-term economic growth prospects "are much higher than is typical at the Baa rating level." A drop below that level would mean Israel would lose its investment grade rating."The ratings would likely be downgraded further, potentially by multiple notches, if the current heightened tensions with Hezbollah turned into a full-scale conflict," Moody's said....
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Times of Israel: Israel targets Nasrallah in bombing of Hezbollah HQ; increasingly believes it killed him
Hours after the strikes, Hezbollah had not made a statement on his fate. A source close to Hezbollah told Reuters Nasrallah was alive and Iran's Tasnim news agency also reported he was safe.
