debt rating

Moody's Slashes Portugal's Debt Rating

Moody's credit rating agency downgraded Portugal's debt by two notches Tuesday, to A1 from Aa2, citing weak growth and climbing debt levels over the past two years that will continue to sap the country's fiscal strength. Moody's expects conditions to continue to deteriorate for at least another two to three years before stabilizing.

S&P Warns Japan of a Downgrade

Credit rating agency Standard & Poor's says it may downgrade Japan's current AA sovereign debt to AA-. S&P has officially changed its outlook on Japan's debt from stable to negative. And Japan is a canary in the credit coal mine for the U.S. and U.K.