Fitch Ratings cut Greece's debt to BBB+ on Tuesday with a negative outlook, the latest blow to the troubled euro zone country, driving its bonds, banking shares and the euro itself lower. The cut was the first time in 10 years a major ratings agency has put Greece below an A grade, citing fiscal deterioration

Investor confidence in Dubai took a fresh knock on Tuesday as officials dithered over a rescue for debt-laden state conglomerate Dubai World and ratings agency Moody's slapped a downgrade on government-related debt. "You can usually take the view that no news is good news, but in Dubai's case it's quite the opposite — investors need

Global share markets fell on Tuesday with bank stocks hit by fears of exposure to Dubai debt while the euro slid after a ratings agency downgraded Greece's credit rating. Investors took refuge in some of the safer government bonds including U.S. Treasuries and the euro zone's benchmark German Bunds, helping drive bond yields lower. Wall

Moody's Investors Service has downgraded all six Dubai government-related issuers (GRIs). This rating action follows recent comments and statements from government officials, which cause the rating agency to believe that no meaningful government support should be assumed for any entity that is not directly part of or formally guaranteed by the government. As a result,

The investment exposure of US insurers to bonds of Dubai World and its subsidiaries is very limited, totaling $590 mln (or less than 0.02% of cash and invested assets), Moody's Investors Service said in a new report. Consequently, any losses from these direct investment holdings will be quite modest, the agency concluded, and will not

Moody's expects the largest banks in the Nordic area to retain their solid franchises in their respective home countries and also, where applicable, their good franchises in neighbouring Nordic countries. However, those banks with substantial lending outside the region (such as Danske Bank, SEB and Swedbank) will continue to suffer losses from their non-Nordic exposures.

Poland's A2 government bond ratings are supported by high economic, institutional and government financial strength, Moody's Investors Service said in its new sovereign credit report on Poland. The rating outlook is stable, although the report expresses concerns surrounding steeply rising fiscal deficits and deteriorating government debt metrics in the aftermath of the economic crisis, as