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Standard and Poor’s raises Portugal’s rating
- 21 September, 22
The financial rating agency Standard and Poor’s (S&P) has upgraded the Portuguese sovereign debt rating from ‘BBB’ to ‘BBB+’, with a stable outlook.
In the report, S&P justifies the decision to upgrade Portugal’s rating to ‘BBB+’ with the fact that, despite higher energy costs and rising interest rates, the country continued “to record strong growth, labour market and budgetary results, with investment increasing due to the 61.2 billion euros (26% of Gross Domestic Product) foreseen in European Union funding between 2022 and 2027”.
Cre: Portugalnews
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