Financial Times FT.com

Dexia shares crash on rating agency blow

BRUSSELS - Shares in Dexia crashed on Tuesday after ratings agency Moody’s said it could strip the Belgian-French financial services group’s U.S. bond insurance subsidiary FSA of its triple A status.

Dexia shares fell by as much as 15.6 per cent to €8.06, eliminating much of the ground made up since hitting a five-year low of €7.75 a week ago.

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