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Moody's downgrades nine Portuguese banks

Nine Portuguese banks have had their credit ratings downgraded.

Moody's downgrades nine Portuguese banks

Fri, 07 Oct, 2011 - 10:59

Nine Portuguese banks have had their credit ratings downgraded.

Moody's Ratings Agency has said it made the move due to increased asset risk as a result of the banks' holdings of Portuguese government debt.

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