Fitch rates two Portuguese insurers
Fitch Ratings has placed Portuguese insurer Tranquilidade 'A-' insurer financial strength rating on Rating Watch Negative, and Millenniumbcp-Ageas's operating entities' 'A'.
The RWN follows Fitch's downgrade of Portugal's Long-term foreign and local currency Issuer Default Ratings to 'A-' from 'A+' on 24 March 2011.
The agency considers that the deterioration in Portugal
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