{"id":7896,"date":"2010-03-24T07:49:13","date_gmt":"2010-03-24T11:49:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7896"},"modified":"2010-03-24T07:49:13","modified_gmt":"2010-03-24T11:49:13","slug":"forex-breaking-news-fitch-downgraded-portugals-credit-rating-to-aa","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/24\/forex-breaking-news-fitch-downgraded-portugals-credit-rating-to-aa\/","title":{"rendered":"Forex Breaking News: Fitch downgraded Portugal\u2019s credit rating to \u201cAA-\u201c"},"content":{"rendered":"<p><strong>By eToro <\/strong>&#8211; As a result of  Portugal\u2019s economic vulnerabilities and persistently low growth, Fitch  Ratings has downgraded the country\u2019s long-term credit rating from \u201cAA\u201d  to \u201c<strong>AA-\u201c<\/strong>.<\/p>\n<p>Tue to this downgrade,  it will become significantly more difficult for Portugal to secure loans  and investments to finance its chronic current account and budget  deficits.<\/p>\n<p>The Portuguese economy  is now in a very fragile position trying to balance a rapidly growing  public debt against a shrinking GDP growth rate.<\/p>\n<p><strong>How does it impact on you?<\/strong><\/p>\n<p>The downgrading of  Portugal\u2019s long term rating is <strong>crucial to you as traders<\/strong>,  as it signals further pressures for an already distressed Euro. Fitch\u2019s  downgrade of the country\u2019s rating will immediately divert investments  away from the Euro to healthier markets, and the herd mentality that  follows will force additional downward pressure on the European  currency.<\/p>\n<p><strong>Daily Forex Market Analysis provided by<a href=\"http:\/\/www.etoro.com\/A15748_TClick.aspx\" target=\"_blank\"> eToro<\/a><\/strong><\/p>\n<p>Disclaimer: Trading in the Foreign Exchange market might carry   potential rewards, but also potential risks. You must be aware of the   risks and are willing to accept them in order to trade in the foreign   exchange market. Don\u2019t trade with money you can\u2019t afford to lose.<\/p>\n<p><strong><a href=\"http:\/\/www.etoro.com\/A15748_TClick.aspx\" target=\"_blank\">\u00a9 2009 eToro Blog.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By eToro &#8211; As a result of Portugal\u2019s economic vulnerabilities and persistently low growth, Fitch Ratings has downgraded the country\u2019s long-term credit rating from \u201cAA\u201d to \u201cAA-\u201c. Tue to this downgrade, it will become significantly more difficult for Portugal to secure loans and investments to finance its chronic current account and budget deficits. The Portuguese &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/24\/forex-breaking-news-fitch-downgraded-portugals-credit-rating-to-aa\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Breaking News: Fitch downgraded Portugal\u2019s credit rating to \u201cAA-\u201c&#8221;<\/span><\/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-7896","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7896","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=7896"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7896\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}