Whoa, Lisboa! Swing Like Teixeira, Sail Like Da Gama |
| July 07, 2011 | July 2011 Bond Updates |
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Moody's came out on Wednesday and downgraded the government debt of Portugal to junk status. The ratings agency doubted the ability of Lisbon to service its debts in a timely fashion and expressed doubt that it would be able to cut back spending on social benefits. |
| View more at: http://blogs.forbes.com/johndobosz/2011/07/06/whoa-lisboa-dont-sweat-the-junk-step-up-to-the-plate-like-teixeira-and-da-gama/ |
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