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Wednesday, December 1, 2010

S&P may lower Portugal's credit rating

Wednesday, December 1, 2010
S&P may lower Portugal's credit rating
Standard and Poor's said it may lower Portugal's long-term A-long-term and A-2 short-term credit ratings with negative implications due to uncertainties surrounding the government's ability to finance the debt service. S&P added that lowered growth forecasts provide a clue that the government will not be able to reduce the huge sovereign debt. In

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