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Moody's cut Portugal's sovereign debt rating by one notch on Tuesday, citing the potential financing that may be necessary from the European Union. "...Moody's believes that the government's current cost of funding is nearing a level that is unsustainable, even in the short-term," the ratings...

The likelihood that Portugal will seek a bailout increased after the resignation of the country's prime minister, who had been trying to push through structural reforms that are needed for the country to reduce its fiscal deficit and lower its borrowing costs. Like many leaders throughout Europe...

Just weeks after lowering Spain's sovereign debt rating, Moody's Investors Service downgraded the credit rating of thirty of Spain's smaller banks on Thursday, while leaving the credit ratings of the country's three biggest banks unchanged. There is growing resistance in some of the more...

European equity markets are shrugging off Spanish bank ratings downgrades and the resignation of Portugal's prime minister Thursday, as stocks are up broadly. Futures ares indicating a flat open for U.S. markets, with the S&P 500, Nasdaq, and Dow indicies all trading even to 0.1% higher. Best...

In what is sure to be yet another blow to investor confidence, Moody's Investors Service downgraded the long-term credit rating of Portugal's government bonds two levels from the previous rating of A1 down to the new rating of A3. Along with the lower rating, Moody's gave Portugal a negative...

Eurozone leaders may be close to reaching an agreement on joint measures that member countries will take with the aim of increasing the the Eurozone's competitiveness and protecting the euro. The list of measures under consideration include reducing labor taxes, linking retirement age to life...

Ratings agency Moody's Investors Service lowered the Spanish government's bond rating one level from Aa1 down to Aa2. The ratings agency said in a statement that it "believes there is a meaningful risk that the eventual cost of the recapitalization effort could considerably exceed the government's...

The will of the Spanish to hold to their austerity plan has begun to be questioned. The nation's finance minister, Elena Salgado, will present her budget for the next year shortly. Capital markets investors do not believe that the nation's austerity measures are adequate. Spain's unemployment is...

According to news reports, Portugal auctioned government bonds worth 750 million euros ($997.1 million) on Wednesday. The value was at the bottom of the government's range of 750 million to 1 billion euros. The reports added that four-year bonds worth 450 million euros were sold by the government...

Moody's Investors Service has downgraded ratings on Portugal's government bond by two notches today. Moody’s said that downgrade was due to the possibility of the nation's finances worsening further and weakening of economic growth prospects. The agency slashed the ratings to A1 from Aa2. Moody’s,...

CDS Spreads, i.e. Credit Default Swap insurance, which is used to hedge positions in government bonds, is rising across the Eurozone this morning. Here are the six most notable rises: 1. Portugal 340/370 vs yesterday close of 275 bps 2. Italy 152/160 vs yesterday close of 134 bps 3. Ireland 205/220...

Moody’s Investor Service was out with a note this morning saying that were putting Portugal’s sovereign debt on review for a possible downgrade of 1-2 notches very soon. In reaction, CDS spreads are widening on the country. Credit Default Swaps (CDSs) are a means to insure bonds against default; a...