Whoa, Lisboa! Swing Like Teixeira, Sail Like Da Gama

July 07, 2011   |   July 2011 Bond Updates
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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