Standard and Poor's. Rating..

The risk of the Portuguese foreign debt keeps going up...in just one year the debt increased more than 250%!!!
This is now being debated in a meeting with the EU financial ministers.
The risk factor for investment has dramatically increased in just over a year as there is now a more cautious attitude regarding the financial stability of the Portuguese state and also the recent Standard and Poor's. Rating of Portugal.
According to WorldWatch the credit default swaps (CDS) of the foreign debt payable in five years are now situated in the 129 points, this value represents a increase in 245% compared to the 34.6 points of last year, foreign debt payable in ten years has also worsen and according to CDS are now situated in the 123 points compared to the 41,75 points of last year.
Last month the Standard and Poor's rating of the Portuguese debt dropped from (AA-) to (A+), as they consider that the structural reforms of the Government are insufficient, this in turn means bigger interest rate (yield) ...
See here attached report
This is the result of a bad government, one that hides the real issues from the population and in general works not for the people but for the oil industry such as Galp,BP,Repsol and Cepsa...

NOTE: Standard and Poor's are not a trustworthy reliable agency, last year they rated Iceland as excellent and two days later Iceland declared bankrupty.