Thread: Portugal Downgraded to AA- by FITCH on Concern Over Debt

Portugal’s Debt Rating Lowered by Fitch on Finances (Update3)

By Matthew Brown

March 24 (Bloomberg) -- Portugal’s credit grade was cut by Fitch Ratings for the first time, underscoring growing concern that Europe’s weakest economies will struggle to meet their debt commitments as finances deteriorate.

The rating was lowered one step to AA- with a “negativeâ€