Batter Up: Moody's Puts Portugal On Review For Possible Downgrade

Portugal Praying

They haven’t actually changed the grade just yet, but Moody’s just announced that it’s putting Portugal on review for a possible downgrade of its sovereign debt.

Currently Portugal has an AA2 rating from the agency.

Already the ECB has announced that it will accept any grade Greek debt for collateral from banks. Portugal next?

See pictures of Greece’s worst riot yet >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at