(MENAFN- Saudi Press Agency) Portugal could need a second bailout once Lisbonexits its current 78-billion-euro (105-billion-dollar) aid programme
later this year, dpa cited the international rating agency Fitch as saying on Friday.
Despite Portugal successfully returning to the bond market
Wednesday to raise 2.5 billion euros, Fitch warned that the nation
could need further assistance from the European Union and the
International Monetary Fund to help it emerge from recession.
In a statement, New York-based Fitch said 'our base case remains that Portugal will not gain full market access by the time the IMF-EU programme expires and, therefore, additional funding support and a new programme will be needed.'
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