Wednesday, May 5, 2010

Moody's Considering Portugal Downgrade

Moody's Investors Service is more likely to downgrade Portugal's credit rating after putting it on a three-month review than when it first placed the country on negative outlook last year, a senior Moody's analyst said on Wednesday.

"We have sent a signal that it is possible, and I have to say, statistically, there is a very strong likelihood that if we put it on a review for downgrade then we follow through with a downgrade," Anthony Thomas, vice president at Moody's Sovereign Risk Group, told Reuters.

No comments:

Post a Comment