Dubai & Greece Downgbrade and some immediate fallout

Dubai and Greece have been handed downgrades in debt , not that ratings mean anything.  Not that anything means anything.  But, this anything has put pressure of the Euro and has more importantly triggered a debt repayment clause.  Are the dominos lining up, or just another blip on the vast horizon of golbal debt challenges?

Globe and Mail

Greek and Dubai debt in downgrade

CITY A.M. - Harry Banks - ‎5 hours ago‎

INVESTOR confidence in Dubai took a fresh knock yesterday after Moody's slapped adowngrade on six government-related firms and officials dithered over a ...

Globe and Mail

Euro falls to 1-month low vs dollar after debt downgrades

Reuters - Rika Otsuka, Anirban Nag - ‎31 minutes ago‎

The timing of Greece's downgrade, coming soon after the Dubai shock, led to a sell-off in the euro, stocks, commodities and higher-yielding currencies. ...

Stocks Slump on Dubai Loss, Greece Downgrade, Japan's Economy Bloomberg

Stimulus spending sparks debt alarms Globe and Mail

Credit Agencies Downgrade Debt Linked to Greece and Dubai New York Times

ArabianBusiness.com

Moody's Downgrades Dubai Companies

Wall Street Journal - Stefania Bianchi - ‎16 hours ago‎

DUBAI--Ratings agency Moody's Investors Service on Tuesday downgraded the credit worthiness of a raft of Dubai government-controlled ...