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WORLD NEWS - April 28th, 2010

作者:Voice of America 发布日期:4-28-2010

A Rating Agency reduced the credit ratings for Greece and Portugal. 

Standard and Poor's cut long-term government bonds in Greece three levels.  Because of political, economic and budgetary problems facing the country.  The Credit Rating Agency reduced Portugal's government guarantee debt by two levels.  Standard and poor's said it has grown concerns about the ability of the Greeck and Portuguese governments to repay debts.  The lower rating means lenders will demand higher interest rates.  This will increase borrowing costs at time when the two countries are struggling with financial issues.

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