...and so the bed news continues with Moody's reporting today that increased liabilities have heightened the risks for Portugal's weak banks and its government, with the State likely to need to raise more money, further increasing the debt burden from already high levels.
The ratings agency also notes the current uncertainty over Caixa Geral de Depósitos which needs an unquantified capital injection and suggests that the banking sector represents "a continuing risk to the government's own creditworthiness."