Portugal's debt is downgraded to junk status by Moody's - Contractor UK Bulletin Board

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scooterscot replied

6 July 2011, 13:21
Moodys huh. That order came straight from the top.
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centurian replied

6 July 2011, 05:47
Originally posted by DiscoStu View Post

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
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chef replied

5 July 2011, 20:25
Love it DiscoStu, positive thinking..
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DiscoStu replied

5 July 2011, 19:48
That's two countries I'm more solvent than
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TimberWolf started a topic Portugal's debt is downgraded to junk status by Moody's

5 July 2011, 19:14
Portugal's debt is downgraded to junk status by Moody's

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?
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