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Trade Trends with Bollonger Bands and Twiggs Money Flow

Portugal

Chart Forum » Markets » Sovereign Debt Risk » Portugal

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colin_twiggs
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Username: colin_twiggs

Post Number: 580
Registered: 06-2009

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Wednesday, April 28, 2010 - 09:48 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)




quote:

* Fiscal and economic structural weaknesses in our view leave the Republic of Portugal in a comparably weak position to address the significant deterioration in its public finances and expected lackluster economic growth prospects over the medium term.
* We are lowering our long-term ratings on Portugal to 'A-' from 'A+' and the short-term ratings to 'A-2' from 'A-1'.
* The negative outlook reflects our assessment of the risk of a further downgrade should fiscal consolidation fall short of expectations or should concerns over government liquidity mount.




FRANKFURT (Standard & Poor's) April 27, 2010

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