Buckshot's Radio Free America

The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse

Read more: http://www.benzinga.com/11/07/1743000/the-sovereign-debt-crisis-is-never-going-to-end-until-there-is-a-major-global-financia#ixzz1RT9kGIWT
Although Portugal's Ba2 rating indicates a much lower risk of
restructuring than Greece's Caa1 rating, the EU's evolving approach to providing official support is an important factor for Portugal because it implies a rising risk that private sector participation could become a precondition for additional rounds of official lending to Portugal in the future as well. This development is significant not only because it increases the economic risks facing current investors, but also because it may discourage new private sector lending going forward and reduce the likelihood that Portugal will soon be able to regain market access on sustainable terms.
Do you understand what is being said there?
Basically, Moody's is saying that the terms of the Greek bailout make Portuguese debt less attractive because Portugal will likely be forced into a similar bailout at some point.