Wednesday, March 16, 2011

Domino quietly drops

Moody’s downgrades Portugal

Moody’s downgraded the country’s long-term government bond rating from A1 to A3 with a negative outlook, implying the possibility of a further downgrade in the coming months.

Posted by dohousescrashinthewoods @ 07:59 AM (1034 views)
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2 thoughts on “Domino quietly drops

  • This site flagged the prognosis for downgrade last November, it became inevitable in February.

    Good spot!

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  • During times of less media saturation {Japan, Libya, Bahrain, etc} this would have been flagged up higher in the news. ‘Quietly’ drops (topples) is a good comment… What now for Italy and Spain, now that they are at the head off the queue?

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