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World news about “Portugal” published by euronews.

17/07 13:55 CET

Espirito Santo downgraded by rating agencies

Espirito Santo downgraded by rating agencies

For the second time in a week, credit rating agencies have downgraded Portugal's largest lender Banco Espirito Santo (BES) and other parts of the Espirito Santo family's business empire, citing concerns about bankruptcy. Moody's cut the rating of the holding company Espírito…

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