Portugal had its credit grade lowered one step to AA- by Fitch Ratings, which cited the nationÃ¢â‚¬â„¢s deteriorating public finances.
The outlook on the rating remains Ã¢â‚¬Å“negative,Ã¢â‚¬Â Fitch said in a statement today from London, meaning itÃ¢â‚¬â„¢s more likely to cut the grade further than raise it or keep it unchanged. Bloomberg
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