CDS on Portugal rise on Moody’s warning

portugal-flag

Five-year credit default swaps (CDS) on Portugal rose from 480bp at end of trading yesterday to 493bp as of 1300 today, after Moody's announced this morning it was placing the A1 rating of the Portuguese government on review for a possible downgrade.

Two more Portuguese banks - Caixa Economica Montepio Geral and Banco Internacional do Funchal - were put on review for possible downgrade by Moody's; both currently have Baa3 senior debt ratings. All other rated Portuguese banks had already been put

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: