Fleeing Foreigners Impede Portugal’s Own Exit Plans

Fleeing Foreigners Impede Portugal’s Own Exit Plans

Mario Proenca/Bloomberg

The country is scheduled to leave its aid plan by June 2014, while fellow recipient Ireland is aiming to return fully to credit markets earlier. Moody’s Investors Service, Standard & Poor’s and Fitch Ratings all rate Portugal as non-investment grade, or junk. Ireland is rated junk only at Moody’s.