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Portugal’s comeback is the eurozone’s socialist success story

Page created: Tuesday, 19 September 2017 14:41 GMT

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Financial Times   Investment Grade  S&P Ratings

Junk no more. Portugal has cemented its position as the eurozone’s comeback kid after securing a much-prized return to investment grade debt status last week. S&P Ratings — one of the world’s three biggest rating agencies — became the first to lift Portugal from five years as a “junk” sovereign borrower, capping off a stunning recovery for an economy which exited a €78bn international bailout programme three years ago.