Moddy’s downgraded nine Portuguese banks – Portugal
07 October 2011
Moody’s Investors Service cut Friday the debt ratings of nine Portuguese banks, by one or two notches, from Baa1 to Ba2, on concerns of funding, bad loans and holdings of government debt. The targeted banks are now under negative outlook “junk” status. The affected banks are: Caixa Geral de Depósitos (CGD), Banco Comercial Português (BCP/Millennium), Banco […]












