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Portugal on the “right path” despite political crisis says S&P
The US ratings agency Standard & Poor’s (S&P) said this week that early elections will have no impact on the rest of Portugal’s macroeconomic situation, stressing that its [...]
S&P ups Portugal’s rating to ‘A’ with positive outlook
The US ratings agency Standard & Poor’s raised Portugal’s rating on Friday from A- to A with a positive outlook and could put the rating up again over the next two years. In a press release [...]
Portugal’s “strong economy” leads Moody’s to improve ratings of seven Portuguese banks
The ratings agency Moody’s has improved the ratings of seven Portuguese banks because of “improved operational conditions” in Portugal which led to Portugal’s macroeconomic rating being raised to [...]
Fitch and DBRS praise Portugal’s public spending discipline
Improved public accounts in the last few years have put Portugal in a comfortable position despite political instability, say leading financial ratings agencies. Both Fitch and DBRS have [...]
Fitch raises long-term outlook for insurer Fidelidade to ‘A’
The US ratings agency Fitch has raised the long-term rating of Portuguese insurer Fidelidade to ‘A’. In a note sent to newsrooms, it highlighted the insurer’s solid profile, robust [...]
Fitch maintains Portugal rating but improves outlook
Fitch kept Portugal’s rating at ‘A’ unchanged on Friday but improved the outlook from stable to positive. The decision comes after in March the North American rating agency did not change [...]
Moody’s improves Novobanco debt rating
The US ratings agency Moody’s increased the rate of Novobanco’s non-secured senior debt from Ba1 to Baa3 on Thursday with a ‘positive outlook’. It means that bank’s investment prospects are no [...]
Investors concerned over political instability in Portugal
Business analysts have voiced concerns over yesterday’s elections in Portugal saying a hung parliament, the prospect of the country’s State Budget for 2025 not being passed, and risks to [...]
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Ratings agencies agree ‘A’ ratings for Portugal
Just over 10 years ago Portugal’s credit ratings from the major ratings agencies stood at ‘junk’ status (non-investment) or high-risk investment grades. Stories abounded of angry Portuguese [...]
Novobanco achieves investment grade rating from Fitch
The ratings agency Fitch has upgraded Novobanco’s investment rating after the bank had presented significant improvements since it was bought out by US equities and asset management fund Lone [...]
