Moody's cuts Belgium's credit rating

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Source: Bloomberg

Moody's Investors Service lowered Belgium's credit rating two steps down on growing concerns that increasing borrowing costs, slackening growth and obligations from Dexia SA's breakup can expand the euro region's fifth largest debt burden. Moody's cut Belgium's sovereign debt rating from Aa1 to Aa3 indicating negative outlook.

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Mon, 19 Dec 2011 08:41:01 GMT

Fitch lowers French credit outlook

Fitch ratings lowered France's national credit outlook and put Italy, Spain, Slovenia, Belgium, Cyprus and Ireland on a review for downgrading due February. Fitch agency's move stimulates pressure on euro zone's officials to solve the 2-year debt turmoil. The main concern is lack of credible financial backing, said Fitch in its statement. 

Mon, 19 Dec 2011 08:39:37 GMT

US stocks mixed on Friday

US major stocks indexes traded mixed on Friday as Italy approved austerity measures while Fitch threatened to downgrade six national debt ratings. Dow Jones Industrial Average was almost flat trading 0.02% or 2.42 points down, finishing at 11,866.39, S&P 500 added 0.32% or 3.89 points reaching 1,219.65 and Nasdaq Composite gained 0.6% or 14.32 points closing at 2,555.33.

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