Fitch raises Portugal rating to A+ with stable outlook
Fitch Ratings upgraded Portugal’s sovereign debt rating to A+ on Friday, maintaining a stable outlook.
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Fitch Ratings announced on Friday that it has raised Portugal’s sovereign debt rating from ‘A’ to ‘A+’. The agency’s note stated that the new rating comes with a ‘stable’ outlook.
The upgrade signals a positive assessment of Portugal’s fiscal and economic position, which may help the country access cheaper financing in the bond markets.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.