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LONDON (MarketWatch) -- Ratings agency Moody's Investors Service on Wednesday placed Portugal's government bond ratings on review for possible downgrade, citing the recent deterioration of the country's public finances and "long-term growth challenges" to the economy.
In the event of a downgrade, the country's Aa2 ratings would fall by one or, at most, two notches, the agency said. Moody's said it expects to complete the review within three months.
Moody's warns Portugal could face downgrade - MarketWatch
Euro supporters, you're on notice: When the inevitable downgrade comes, don't blame America, greedy capitalist speculators, ratings agencies, the IMF, or Goldman Sachs.
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