“Last week an international agency upgraded our ‘rating’. I have news that it might be just hours before another agency does the same,” stated Luís Montenegro to journalists at the Pavilion of Portugal at the Osaka Expo, following a two-day official visit to Japan.
Fitch is set to announce its assessment of Portugal’s rating today, with the current standing near the highest levels in major agency classifications.
“We are being viewed from outside with a respectability and credibility that should make us reflect,” he said.
DBRS rates the sovereign debt at A (high), and Moody’s at A3, while Fitch currently holds a rating of A-.
S&P was the last agency to evaluate the rating, upgrading it from ‘A’ to ‘A+’ on August 29, only six months after a previous increase.
