LISBON, Portugal: Moody's downgraded Portugal's credit rating Tuesday, saying the debt-stressed country is struggling to generate growth and faces a tough battle to restore the fiscal health needed to calm jittery financial markets.
The move is a setback for efforts by the 17 nations using the euro currency, including Portugal, to stem the bloc's sovereign debt crisis which has forced Greece and Ireland to accept bailouts and could still spread to other debt-heavy, and far bigger, members such as Spain.
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