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2 clusters · 9 sources · 21 days · First seen · Last updated

Portugal sovereign credit rating improvement

Overview

Portugal has received a sovereign credit rating upgrade from Fitch, raising its rating to A+. This represents the country’s highest rating in fifteen years, aligning its standing with nations such as France and Belgium.

Fitch cited falling public debt, budget performance that exceeded expectations, and persistent current-account surpluses as primary drivers for the upgrade. Projections suggest general government debt will decrease from 89.7% of GDP in 2025 to 82.9% by 2028. This fiscal trajectory is supported by solid economic growth and a healthy labor market, with unemployment reaching a level of 5.6% in June, the lowest since 2002.

Entities

Standard & Poor's · Volkswagen Caminhões e Ônibus · The Economist · Banco Traton Brasil · Fitch

Timeline

  1. 7 days ago

    [BUSINESS] 2 sources
    Portugal receives Fitch credit rating upgrade to A+

    Fitch has upgraded Portugal's sovereign credit rating to A+, the highest in 15 years, citing falling public debt and strong economic performance that aligns with recent accolades from The Economist.

  2. 27 days ago

    [BUSINESS] 7 sources
    Credit ratings for Portugal and Banco Traton Brasil under review

    Analysts expect Standard & Poor's to maintain Portugal's A+ rating with a positive outlook, while Moody's Local has renewed Banco Traton Brasil's top AAA.br credit rating.

Sources

4jewish.com · epochtimes.it · maisfm.com · odocumento.com.br · p1news.com.br · sapo.pt · theportugalnews.com · transportemoderno.com.br · tribunadepetropolis.com.br