7.06.2011

Moodydan#039;s: Growing risk of Portugal needing second bail-out


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 51606573 fa1d16c0 9c6c 4f82 b0b8 ab66ddd94f78 Moodydan#039;s: Growing risk of Portugal needing second bail out

The credit ratings agency Moody's Investors Service has downgraded Portugal's debt to junk status.

The agency said there was a growing risk the country would need a second bail-out before it was ready to borrow money from financial markets again.

Portugal, Greece and the Irish Republic were all given bail-out loans to give them time to repair their economies so they could borrow money normally again.

But Greece has already had to start negotiating a second bail-out.

source: bbcuk

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cherrio 06 Jul, 2011


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Source: http://arsipberita.com/show/moodydan039s-growing-risk-of-portugal-needing-second-bailout-261309.html
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