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S&P cuts Portugal's debt rating from A- to BBB following the resignation of...

Mar. 25, 2011 7:41 AM ETFXE, ERO-OLD, EU-OLD, URR, ULE, EUOBy: Stephen Alpher, SA News Editor
S&P cuts Portugal's debt rating from A- to BBB following the resignation of PM Socrates, and as word is awaited on the details of a permanent EU rescue fund. The euro is unaffected and European shares are slightly higher. Stoxx 50 +0.3%.

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