UPDATE 1-Fiat shares hit two-decade low after "junk" blow

Newswire

(Adds latest share and bond prices, trader, background) MILAN, Dec 27 (Reuters) - Fiat shares fell to their lowest level in nearly two decades on Friday after Moody's cut the loss-making carmaker and industrial group's debt ratings to "junk" status. At 0944 GMT, Fiat stock was trading at 7.80 euros, a fall of 3.7 percent from the close on Monday and performing worse than a fall of roughly one percent for the DJ Stoxx index of European auto stocks . Fiat shares earlier touched a low of ...

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