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Portugal downgraded for second time By Peter Wise in Lisbon Published: March 25 2011 09:00 | Last updated: March 25 2011 09:52 Standard & Poor’s has cut Portugal’s credit rating by two notches, warning that the country’s political crisis heightened the risk that it would be unable to refinance its debt. S&P's downgrade in Portugal’s long-term credit rating from A- to BBB is the lowest attributed by any rating agency, bringing Portugal’s credit standing closer to junk status.................. COMMENT: You can now invest in 10 year Portuguese debt earning a tad shy off 8 percent; if you have the gumption! -- DEV BOREM KORUM Gabe Menezes.
