BREAKING NEWS Fitch Downgrades Portugal's Credit Rating to Junk Status (Story Developing...)

[dkf]

Per CNBC.

[orpupilofnature57]

1. Then watch the Rats funneling toward opportunity ,like a piece of cheese.

The people that cause and then benefit from a country or companies demise are the misanthropes ruining our world.

[dipsydoodle]

2. Link here for you.

LONDON—Fitch Ratings Thursday dropped its credit rating on Portugal into junk territory and warned further downgrades were possible, as a recession in the country is increasing challenges for the government to comply with its austerity plans.

Fitch lowered the rating one notch, to double-B-plus from triple-B-plus, and maintained a negative outlook.

"The country's large fiscal imbalances, high indebtedness across all sectors, and adverse macroeconomic outlook mean the sovereign's credit profile is no longer consistent with an investment-grade rating," Fitch said.

Moody's Investors Service cut the country to junk in July this year. Standard and Poor's Corp. affirmed Portugal's investment-grade rating in October.

http://online.wsj.com/article/SB10001424052970204630904577057743033166600.html

[aquart]

3. My beloved sister says "Sell them everything."

"Then nationalize."

[Selatius]

4. Well, it could be worse. Portugal has not defaulted on its debt obligations. nt

[malaise]

5. Expect one more right wing government

Watch the pattern carefully.

It won't matter - neo-liberal is fugging dead and no amount of propping up the corpse will save it.

[Odin2005]

6. I think this will be the end of the Euro.