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Spain Too Risky? Buy Portuguese Stocks, Invest Iberia Says

Page created: Tuesday, 10 October 2017 14:22 GMT

Tags:
Bloomberg   Catalunia  stocks

As political tensions rage in Spain, an economic boom in its Iberian neighbor is attracting investors to Portuguese equities.

Stocks in Portugal are glowing as ratings agencies take an increasingly positive view of the smaller nation, with S&P Global Ratings shedding its junk-bond status for Portugal for the first time in more than five years on Sept. 15. Catalonia’s push for independence has hit sentiment in Spain, paring gains on the benchmark IBEX 35 Index this year to 9.4 percent, while Portugal’s PSI20 Index has climbed 16 percent, making it the sixth-biggest gainer among developed European gauges tracked by Bloomberg.