Continue influx of buying dollars

by admin on Thursday, July 7th, 2011 | No Comments

Moody’s became the first ratings agency to cut Portugal’s credit standing to junk, warning the country may need a second round of rescue funds before it can return to capital markets. Moody’s said its decision was based on three reasons, specifically that there was a growing concern that Portugal would need a second bailout package, that the country would not be able to meet its target of reducing its deficit and that the Portuguese state would not be able to finance itself on the market at