Kraemer Says Greek Debt Swap May Impede Portugal Selling Bonds

Moritz Kraemer, head of sovereign ratings at Standard & Poor’s, said the terms of Greece’s debt restructuring and the European Central Bank’s move to isolate itself from any resulting losses may make it harder for other indebted euro nations such as Portugal to raise financing.

“Some of the decisions that have been taken recently may make re-accessing the capital markets harder, rather than easier,” Kraemer said in an interview with Bloomberg Television’s Linda Yueh in London today. “Many of these decisions may actually make it harder for countries like Portugal to return to the markets.”