Brussels, 24/11/2011 (Agence Europe) - The European Commission refused to comment on Thursday 24 November on the downgrading of Portuguese bonds to junk bond status by Fitch. A spokesperson refused to comment but said that the European Commission had unveiled draft legislation the week before to tighten the rules governing credit rating agencies (see EUROPE 10495). EU Internal Market Commissioner Michel Barnier had, however, been forced to back down on the idea of giving the European...