Another Western European nation had its sovereign credit rating lowered today.
S&P CUTS THE NATION OF PORTUGAL SOVEREIGN RATING TO A+ FROM AA-(FROM LOWEST LEVEL OF INVESTMENT GRADE TO HIGHEST LEVEL OF MED GRADE)
The crisis spreads… What nation will be next on the chopping block?
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its amazing how much power these rating agencies have. At the strike of pen, they can literally bankrupt a country. no wonder they misused this power to gang-r*pe J6P over the last few years.