It is too early to say whether Israel's ceasefire deal with Hezbollah in Lebanon has "significantly and sustainably" reduced the risk that led Moody's to downgrade Israel's sovereign credit rating, the agency said on Thursday.

They agree to a ceasefire in one place and not in the other? Have mercy on the children, the elderly and the women.”

The Israeli military on Thursday said its warplanes fired on southern Lebanon after detecting Hezbollah activity at a rocket storage facility, the first Israeli airstrike a day after a ceasefire between Israel and Hezbollah took hold.

The ceasefire agreement between Hezbollah and Israel brokered by the United States and France was characterized by President Biden as an attempt to deliver a "permanent cessation of hostilities."

Israel and Hezbollah traded accusations that their ceasefire had been breached on Thursday, a day after a truce went into effect halting more than a year of fighting in Lebanon. The Israeli military said the ceasefire,

The bursts of violence — with no reports of serious casualties — reflected the uneasy nature of the ceasefire that otherwise appeared to hold as Lebanese troops began to deploy in parts of southern Lebanon.

Hezbollah and Israel have agreed to pause the conflict and to pull back their forces and weapons over the next 60 days.