The announcement of Portugal’s credit rating upgrade was described by the government as “another achievement for Portugal and recognition of the work being done by the government, families, and businesses to promote economic growth, ensure balanced public accounts, and sustainably reduce public debt.”
This is highlighted as “the second credit rating upgrade for Portugal in just two weeks,” with Standard & Poor’s (S&P) upgrading the nation’s debt rating from ‘A’ to ‘A+’ at the end of August.
The rating is crucial to how the country is perceived by foreign investors and influences financing costs, with the second upgrade in financial ratings considered an excellent development for Portugal and its citizens.
The government also noted that Fitch highlighted Portugal as one of the countries that has significantly reduced public debt while maintaining prudent fiscal policy and robust growth.
It was further emphasized that Portugal’s budgetary performance has surpassed that of its peers. The reduction in external debt and positive economic outlook, expecting growth exceeding the eurozone average in 2026 and 2027, were positively noted.
Joaquim Miranda Sarmento, Minister of Finance, reacted to Fitch’s rating announcement, stating it “confirms the solid path taken: balanced accounts, sustained debt reduction, and growth above the eurozone average.”
Notícias ao Minuto | 22:50 – 12/09/2025
The credit rating agency Fitch announced today the upgrade of Portugal’s rating from A- to A, with a stable outlook.
Fitch cited several reasons for the upgrade, including continuous debt reduction, a balanced budgetary position, reduced deficits by 2026, increased exports, and resilient growth.
The credit rating agency Fitch announced today the upgrade of Portugal’s rating from A- to A, with a stable outlook.
Lusa | 22:25 – 12/09/2025
