By: AFX
By Natsuko Waki LONDON, Dec 18 (Reuters) - Persisting fears about sovereign and related debt from Greece to Dubai will keep investors occupied into 2010 after they enjoyed one of the best years for world stocks in the past two decades. Greek assets have taken a hammering after two credit ratings agencies downgraded the euro zone member this month on concerns about its fiscal health, blowing out spreads between Greek bonds and safer German alternatives to their widest since early April. Standard & Poor's also cut Mexico's credit ratings this week by one notch on fiscal concerns, while worries about Britain's fiscal and economic health are nagging investors after sterling hit two-month lows against the dollar this week. Such fiscal fears could easily chill sentiment for world stocks as the benchmark MSCI world equity index wraps up one of the best annual performances in its 20-year history -- up nearly 29 percent. In December however the index has barely made gains.
http://www.cnbc.com/id/34477034/site/14081545/for/cnbc/
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