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Moody's lowers Portugal's credit rating to junk

By: Yossel in BRKB | Recommend this post (0)
Wed, 06 Jul 11 1:18 PM | 24 view(s)
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Update: 06/07/2011 - financial crisis - Portugal

Moody's lowers Portugal's credit rating to junk

Moody’s downgraded Portugal’s credit rating by four notches Tuesday, warning that the debt-ridden country may need a second bailout in addition to the €80 billion package approved earlier this year.

FRANCE 24 (video)

News Wires (text)

link-
http://www.france24.com/en/20110706-moody-downgrades-portugal-credit-standing-junk-second-bailout




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