Moody's cuts Portugal ratings four notches to junk

Reuters

NEW YORK (Reuters) - Moody's Investors Service on Tuesday cut Portugal's credit rating by four levels to Ba2, two notches into junk territory, saying there is great risk the country will need a second round of official financing before it can return to capital markets.

(Reporting by Walter Brandimarte and Daniel Bases; Editing by Gary Crosse)

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