On 6 April 2011, after his proposed "Plan for Stability and Growth IV" (PEC IV) was rejected by the Parliament, Prime Minister Jose Socrates announced on national television that the country would request financial assistance from the IMF and the European Financial Stability Facility, as Greece and the Republic of Ireland had done previously. It was the third time that the Portuguese government had requested external financial aid from the IMFthe first occasion occurred in the late 1970s following the Carnation's Revolution. In October 2011, Moody's Investor Services downgraded nine Portuguese banks due to financial weakness.
For what reason did Moody's Investor Services downgrade nine Portuguese banks in 2011?
financial weakness

The main mode of transportation, however, relies on Seattle's streets, which are laid out in a cardinal directions grid pattern, except in the central business district where early city leaders Arthur Denny and Carson Boren insisted on orienting their plats relative to the shoreline rather than to true North. Only two roads, Interstate 5 and State Route 99 (both limited-access highways), run uninterrupted through the city from north to south. State Route 99 runs through downtown Seattle on the Alaskan Way Viaduct, which was built in 1953. However, due to damage sustained during the 2001 Nisqually earthquake the viaduct will be replaced by a tunnel. The 2-mile (3.2 km) Alaskan Way Viaduct replacement tunnel was originally scheduled to be completed in December 2015 at a cost of US$4.25 billion. Unfortunately, due to issues with the worlds largest tunnel boring machine (TBM), which is nicknamed "Bertha" and is 57 feet (17 m) in diameter, the projected date of completion has been pushed back to 2017. Seattle has the 8th worst traffic congestion of all American cities, and is 10th among all North American cities.
What road was built in 1953 and later damaged by an earthquake?
Alaskan Way Viaduct

As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which derived their value from mortgage payments and housing prices, greatly increased. Such financial innovation enabled institutions and investors around the world to invest in the U.S. housing market. As housing prices declined, major global financial institutions that had borrowed and invested heavily in subprime MBS reported significant losses.
What are MBS as related to the housing and credit booms?
mortgage-backed securities