News

Portugal Gains Fitch Investment Grade Rating as Debt Ratio Falls

Page created: Monday, 18 December 2017 9:19 GMT

Tags:
Fitch   Public Debt   Rating

The rating was revised to BBB, two levels above speculative grade, from BB+, with a stable outlook, Fitch said in a statement Friday. Fitch cut Portugal’s credit rating to junk in late 2011, when the country was going through a bailout program provided by the European Union and the International Monetary Fund. S&P Global Ratings ranks the country one notch lower at BBB-, while Moody’s rates it two grades lower at Ba1.