The yields that the Portugal he has to pay his debt. Today the country has placed three-month government bonds for 722 million euro, close to the maximum expected supply, with an average yield of 4,972% compared to 4,931% in the previous auction of bonds with the same maturity. The bid to cover, the ratio between supply and demand is 2,2 from the previous 1,7.
Yesterday Standard & Poor's confirmed Portugal's credit rating at BBB-, the lowest level of investment grade, with a negative outlook. The rating agency underlined the commitment shown by Lisbon to respect the debt reduction objectives and the economic reform program set by the European Union and the International Monetary Fund.
