The Moody’s Ratings agency has completed its periodic review of Portugal’s ratings, as indicated in a statement. However, this publication does not announce a rating action.
The credit rating agency Scope has also decided to maintain Portugal’s rating at “A”. This decision was influenced by the substantial reduction in public debt, supported by a history of prudent fiscal policy and improvements in economic resilience.
In November, the agency had upgraded Portugal’s long-term rating to “A” and changed the outlook to “stable”.
This year, both DBRS and S&P upgraded the sovereign debt rating in their reviews conducted before the political crisis, while Fitch maintained Portugal’s rating at ‘A-‘.
A rating is an evaluation given by financial rating agencies, significantly impacting the financing capabilities of countries and companies, as it assesses credit risk.
