Moody’s cuts Portugal to junk, warns of second bailout

posted by
July 5, 2011
Reuters    
Posted in News

"Moody's became the first ratings agency to cut Portugal's credit standing to junk, warning the country may need a second round of rescue funds before it can return to capital markets. The downgrade on Tuesday was not entirely unexpected and served as a reminder that Europe's debt troubles extend beyond Greece, which has dominated news headlines over its second financial bailout." (07/05/11)

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