Portugal's debt is downgraded to junk status by Moody's

[TimberWolf]

BBC News - Portugal's debt is downgraded to junk status by Moody's

Extra credit for guessing the relence of this picture in the BBC article:

The caption is "Moody's said Portugal faced "formidable challenges" with cutting spending and raising taxes", if that helps.

Is she a typical Portuguese banker?

[DiscoStu]

That's two countries I'm more solvent than

[chef]

Love it DiscoStu, positive thinking..

[centurian]

That's two countries I'm more solvent than

Most people can get an unsecured loan at a better rate than Portugal (Portugal 10 year bonds ~ 10%), so yes, most of us are viewed as a better risk

[scooterscot]

Moodys huh. That order came straight from the top.