Moody's

The UK's prized triple-A credit rating was under threat last night after US ratings agency Moody's put it on negative outlook, citing pressures from the eurozone.

Ratings agency Moody's has warned the UK's prized AAA rating is at risk from the eurozone crisis despite the austerity measures taken to help retain its current status.

Shares tumbled across Europe yesterday and in the US overnight after ratings agency Moody's disclosed fresh concerns over the European sovereign debt crisis and reiterated it would review the ratings of all 27 EU nations in the first quarter of next year....

European markets have opened the week in positive territory, with the FTSE 100 rebounding from a period of extended losses.

Moody's has downgraded the credit ratings of 10 German public-sector banks, and taken action against another two, saying there is a lower likelihood the German government will step in with a bailout.

The US is set to see another ratings agency strip it of its AAA-credit rating by the end of the year, Bank of America Merrill Lynch has predicted.

Rating agency Moody's has issued a warning on France's AAA-credit rating, saying it may downgrade its outlook for the country based on its overstretched budget.

Banks shares extended losses this afternoon as Fitch Ratings downgraded Lloyds and RBS' long-term credit rating from AA- to A and placed Barclays on a negative watch.

Ratings agency Moody's has downgraded four iShares fixed income ETFs with exposure to Italian government debt.

Shares in RBS and Lloyds fell today as Moody's downgraded the senior debt and deposit ratings of 12 UK financial institutions, and said it expects the government will allow some smaller institutions to fail.