“Last week, an international agency raised our rating. I have news that another one may do the same soon,” stated Luís Montenegro during a press briefing at the Portugal Pavilion at the Osaka Expo, following a two-day official visit to Japan.
Fitch is set to announce its assessment of Portugal’s rating today, which is already nearing the highest levels in major agency rankings.
“We are being viewed from the outside with a respectability and credibility that should make us reflect,” he noted.
DBRS rates the sovereign debt at A (high), and Moody’s at A3, while Fitch currently holds an A- rating.
S&P was the last agency to assess the rating on August 29, upgrading it from ‘A’ to ‘A+’, only six months after the previous increase.
