Amid Political Turmoil, One Agency Downgrades Portugal's Credit Rating

26th March 2011, Comments 0 comments

Last night, Standard & Poor's downgraded Portugal's credit rating to BBB, which, as the Financial Times reports , is "is the lowest rating attributed by any rating agency, bringing Portugal's credit standing closer to junk status." If you remember, Wednesday, Prime Minister Jose Socrates tendered his resignation after parliament refused to pass a ...

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