Industry: Control of one of Luxembourg’s leading engineering firms has passed to German investors. German industrial group SMS Holding has completed a deal making it majority shareholder of Luxemb...
Sovereign debt: One of the three main global rating agencies has cut the top-notch credit score of Luxembourg’s two euro zone bailout funds. Moody’s Investors Service has downgraded the credi...
Euro zone: The EU’s Luxembourg-based economic development bank has been accused by Brussels of “dragging its feet” on dispersing funds meant to help revive the Greek economy. About €2 bill...
Industry: One of the main credit ratings agencies has moved ArcelorMittal’s debt into “junk bond” territory. Moody’s Investors Service downgraded the world’s largest steel firm&rsqu...
Euro crisis: One of the world’s main credit ratings agencies has kept the euro zone’s rescue fund on its downgrade watch list. Moody’s reiterated its top-notch AAA rating on the European Fi...
Euro zone: One of the major global credit agencies confirmed its top-notch rating on the Kirchberg-based European Investment Bank on Monday. Moody’s Investors Service said it had completed its ...