S&P's Kraemer: euro zone has much to do to cut debt, boost growth

(Reuters) - Euro zone countries still have much work to do to cut debt and boost growth and their credit ratings are unlikely to rise until they get their economies into better shape, a senior Standard & Poor’s official said on Tuesday.

Double ratings boost for Portuguese economy

Lisbon (AFP) - The Portuguese economy has received a double boost as ratings agency Moody's raised its debt rating one notch to Ba2, hours after fellow agency Standard & Poor's upgraded the country's credit outlook.