Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Portuguese Foreign Minister Unhappy With S&P Cut, Tanjug Reports

Don't Miss Out —
Follow us on:

Jan. 16 (Bloomberg) -- Portugal is “dissatisfied” with the decision by Standard & Poor’s to cut the country’s credit rating, Tanjug news agency reported, citing Portuguese Foreign Affairs Minister Paulo Portas as saying.

Portas, in Belgrade for an ambassadorial conference, said yesterday that S&P’s action was based on “regional, rather than national evaluations” and if the same national evaluation methodology was applied as the one in March last year, “Portugal would have shown a satisfactory progress,” Tanjug said.

Portugal was one of nine countries downgraded by S&P on Jan. 13, with its credit rating lowered by two levels to BB.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.