
Portugal’s Bond Upgrade Victory Looks Like a Shallow One
Page created: Monday, 18 December 2017 14:32 GMT
Thematic
Portugal’s economic recovery has received the all-important investment-grade stamp of approval from a second major ratings company. Fitch Ratings’s double upgrade removes its junk status and follows S&P Global Ratings’s one-notch move in September.
It’s the first time that a ratings company has seen fit to award Portugal a double notch upgrade. This will allow Portugal back into some, but not all, of the major bond indexes.

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