junk status

Financial Landscape: DSK Case and Portugal Get Shakier

Portugal's economic health is at risk of collapse after Moody's cut its rating of the country's debt to junk status. Also at risk of collapse: The case against former IMF head Dominique Strauss-Kahn after The New York Post reported that his accuser was working two jobs -- as a maid and a prostitute.

Greek Debt Cut to Junk Status

Moody's Investors Service on Monday downgraded Greece's government bond ratings into "junk" territory, citing the risks in the rescue package for the debt-ridden country from the Eurozone and International Monetary Fund.