Fitch says Portugal needs bailout while S&P cuts Ireland

1st April 2011, Comments 0 comments

Despite a successful Portuguese debt sale on Friday, Fitch slashed its rating to the lowest investment grade rank of BBB-. "The severity of the downgrade by three notches mainly reflects Fitch's concern that timely external support is much less likely in the near term following yesterday's announcement of general elections to take place on 5 June," ...

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