April 5 (Bloomberg) — Derek Halpenny, European head of currency research at Bank of Tokyo-Mitsubishi UFJ Ltd., talks about Portugal’s credit rating which was cut by Moody’s Investors Service for the second time in three weeks amid expectations it will be unable to avert a European bailout. Halpenny, speaking with Tom Keene on Bloomberg Television’s “Surveillance Midday,” also discusses the outlook for the euro and European credit markets. (Source: Bloomberg)
