and bleak economic prospects. Fitch said that Portugal financial situation of imbalance

Credit rating agency Fitch announced on 24th, Portugal's credit rating from "BBB-" down to "junk" and "BB" while maintaining ratings Outlook to "negative" adjustment because Portugal in debt swtor power leveling, and bleak economic prospects. Fitch said that Portugal financial situation of imbalance, public sector debt, poor macroeconomic Outlook, these factorsCaused by the country's rating is no longer in line with investment-grade standards.　　According to Eurostat data swtor credits, by the end of 2010, Portugal per cent gross domestic product (GDP) ratio of up to 9.1%, public debt to GDP ratio reached 93%, both data far beyond EU rules and 3% of the cordon. Fitch also said that because Portugal economic decline would make fiscal tighteningMore challenges facing the implementation of the policy, it further downgraded the country's rating may in the future.　　The Agency expected 2012 Portugal GDP will shrink by 3%.　　But Fitch also pointed out that Portugal Government commitment to red reduction plan is "strong", the country's deficit this year is expected to achieve the goals of 5.9% per cent GDP. Previously, Portugal predecessor StatesLibrary clerk revealed on 23rd kaluosi·Pina, 78 billion euro bailout of its acceptance of the scale is based on listed companies in the country able to finance in the open market the underlying assumptions of currently listed companies financing not available from the open market, so the country may also need additional bailout funds 20 billion to 25 billion euros. Markets worry about what the say Portugal will likely step in GreeceFollow application for second round of the assistance. (These are singing in the rain)