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Barroso in bad Moody’s over Portugal 
Portugal’s credit rating slashed 
Gloomy outlook for Portugal 
Portugal downgrade infuriates EU 
Troika checks Portugal’s progress Portugal’s borrowing costs rose on Wednesday in an auction of government bonds maturing in three-months time.
The amount of interest Lisbon had to offer to encourage investors to longer-term buy bonds soared.
The auction was held hours after Moody’s slashed the country’s credit rating and warned it may need a second bailout.
Analysts are not worried about the three month Treasury bills but expressed concerned about longer term bonds.
More about: Economic crisis, Financial Crisis, Interest rates, PortugalCopyright © 2012 euronews
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