Ratings agencies refuse to budge on Portugal’s prospects

With all major ratings agencies sticking to their guns over Portugal’s prospects (meaning every big hitter pegs investment at ‘rubbish’ level other than Canada’s DBRS, which one step up from rubbish), CDS leader Assunção Cristas said the news suggests Portugal is receding. If the economy was really turning round, she said, ratings agencies would have upgraded their assessments.”We cannot be satisfied”, she told a meeting of centre-right faithful.