{"id":20400,"date":"2011-03-29T13:30:53","date_gmt":"2011-03-29T17:30:53","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20400"},"modified":"2011-03-29T13:30:53","modified_gmt":"2011-03-29T17:30:53","slug":"sp-cuts-portugals-credit-rating-for-second-time-in-four-days","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/29\/sp-cuts-portugals-credit-rating-for-second-time-in-four-days\/","title":{"rendered":"S&#038;P Cuts Portugal&#8217;s Credit Rating For Second Time In Four Days"},"content":{"rendered":"<p>Standard and Poor&#8217;s Ratings Services cut Portugal&#8217;s sovereign credit  rating to BBB- from BBB on Tuesday, leaving it just one level above junk  status. The downgrade came just four days after the agency lowered the  European nation&#8217;s rating to BBB from A-. The Rating Service removed the  country from CreditWatch with negative implications, but the outlook for  the rating is still negative, the S&amp;P said. The agency also cut  Greece&#8217;s rating to BB- from BB+, and that country remains on CreditWatch  with negative implications. S&amp;P cited last weeks&#8217; EU summit, which  confirmed expectations that sovereign debt restructuring may be a  potential prerequisite for borrowing from the European Stability  Mechanism, which is set to replace the EU&#8217;s existing emergency rescue  fund in 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard and Poor&#8217;s Ratings Services cut Portugal&#8217;s sovereign credit rating to BBB- from BBB on Tuesday, leaving it just one level above junk status. The downgrade came just four days after the agency lowered the European nation&#8217;s rating to BBB from A-.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20400","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20400"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20400\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}