Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (73046)	3/24/2010 6:36:48 AM
From: Haim R. Branisteanu	Read Replies (1) of 74559

Fitch Downgrades Portugal Debt Rating to AA-; Outlook Negative By Daniel Tilles March 24 (Bloomberg) -- Portugal had its debt rating lowered one notch to AA- by Fitch Ratings, the ratings company said today in a statement. To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net Last Updated: March 24, 2010 06:07 EDT Haim remarks - it seems definitely that the currency issues are starting to be highly political, because of the timing of the downgrade in the middle of a big treasury auction which is not going so well.

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