Portugal Ratings Dowgraded: Track Global ETFs Live

Now it was Fitch Ratings, followed by Moody, who downgraded Portugal's long-term foreign and local currency issuer default ratings to AA- from AA. "The outlooks on the long-term IDRs are negative", says Fitch.

"A sizeable fiscal shock against a backdrop of relative macroeconomic and structural weaknesses has reduced Portugal's creditworthiness"

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