Portugal gets knocked down to junk status

Fitch Rating agency downgrades Portugal to junk status due to the country’s high debts. Portugal’s Long term foreign and local currency Issuer Default Ratings (IDR)  went down from ‘BBB-‘ to’BB+’ . The agency says the country’s high debt and bad macroeconomic outlook mean their credit profile doesn’t match an investment-grade rating. The rating carries a […]