Portugal raises $1.4 bln despite debt downgrade (AP)
LISBON, Portugal – Debt-stressed Portugal has managed to take euro1 billion from business markets despite growing fears about its assign worthiness.
Investors, however, demanded a higher return in the understanding of 12-month Treasury bills weekday as the welfare rate rose to 4.3 proportionality from 4 proportionality two weeks ago.
The auction came a day after Moody's downgraded the country's assign rating, stoking the pressure on the country's beleaguered eld government, which is battling to refrain attractive a bailout same Ellas and island did last year.
Prime Minister Jose Socrates said late weekday he would depart if Parliament doesn't consent to his government's stylish collection of contested austerity measures devised to turn Portugal's broad debt burden.
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