Realistic to Expect a Good Return from Risky Investments?

Portugal’s debt would no longer be eligible for purchase under the European Central Bank’s quantitative-easing program if the country’s credit rating is downgraded on Friday, President Mario Draghi said. A decision by Canadian rating company DBRS Ltd. to take away the country’s only investment-grade rating would disqualify Portuguese sovereign bonds from asset purchases and use as collateral in refinancing operations, Draghi said at a press conference in Frankfurt following the Governing Council’s monetary-policy meeting. A rating review is due on Oct. 21. M&G Investments Chief Executive Officer Anne Richards discusses Portugal's rating review and the outlook for the European economy with Francine Lacqua on "Bloomberg Surveillance."

Full Show: Bloomberg Markets Middle East (08/09)
37:57 - Bloomberg Markets Middle East hosted by Yousef Gamal El-Din and Shery Ahn. Guests include Richard Yetsenga, chief economist at ANZ, and Tim Fox, chief economist at Emirates NBD. (Source: Bloomberg)
  • Full Show: Bloomberg Markets Middle East (08/08)
  • Investec's Bishop Sees Zuma Surviving No-Confidence Vote
  • Ratings Firms Face Challenges in China