Double blow: Dagong and Fitch lower Portuguese credit rating – Portugal
25 November 2011
China’s domestic rating agency, Dagong Global Credit, downgraded Portugal’s sovereign rating Thursday from BBB+ to BB+ with a negative outlook “due to the country’s deteriorating economic and fiscal situation,” the agency said in a statement. Dagong said Portugal’s economic and fiscal situation has undergone further deterioration since it downgraded the country’s rating from A- to […]












