Brief: Moody's says increased contingent liabilities heighten risks for weak banks and sovereign in Portugal

Banco Espirito Santo SA em Liquidacao

27/07/2016 06:09

July 27 (Reuters) - Moody's On Portugal  
    * Increased contingent liabilities heighten risks for weak 
banks and sovereign in portugal 
    * Portuguese government to likely turn to capital markets to 
raise sum required, further increasing debt burden from already 
elevated levels 
    * Notes uncertainty around a capital injection for 
portugal's largest financial institution, caixa geral de 
depositos, s.a 
    * Weakness of the banking sector forms a persistent risk for 
the government's own creditworthiness 
 
Source text for Eikon: nMDY5VbFVr 
 
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