Moody's downgrade ratings on five Portuguese banks

Moody's downgrade ratings on five Portuguese banks due to expectations of a further decline in the banks' asset quality and profitability.

The ratings agency downgraded Caixa Geral de Depositos, Banco Comercial Portugues, Banco Espirito Santo, Banco BPI, and Banco Santander Totta. Moody's also confirmed ratings on Banco Comercial Portugues and Caixa Economica Montepio Geral.
For live market update and daily gold, stock & forex recommendation add my pin:2743D6E4