“the The Portuguese government highlights the decisions of the financial rating agencies that revised the outlook of Portuguese debt to “positive”. After SCOPE, it is now Fitch’s turn to improve the outlook [perspetiva] The Republic. These decisions anticipate possible increases in Portugal's rating.He pointed out.
The guardianship recalled that in its analysis, “Fitch highlighted the continued progress in reducing public debt, commitment to prudent budget policy, and continuing the process of reducing external debt,” and the agency also highlighted “the flexibility of the labor market and the increase in disposable income and investment, as factors that would contribute to economic growth.”
According to the same memo, the ministry said that: “These decisions show confidence in the performance of the Portuguese economy and acknowledge the work carried out by the Executive to ensure the balance of public accounts and the continued reduction of public debt.”.
The government believes that “it is possible to adopt measures at the level of revenues and expenditures, while maintaining budget surpluses,” stressing that “the economic and budgetary forecasts of many international institutions are in line with the government's expectations, especially the forecast of budget surpluses in the coming years.”
Fitch Ratings decided to keep Portugal's rating unchanged at 'A-' but revised the outlook to 'positive', it announced on Friday.
European financial rating agency SCOPE also maintained Portugal's rating at A- and revised the outlook upward, according to a statement issued by the entity on July 26.
Standard & Poor's has maintained Portugal's rating at A-, with a positive outlook, according to a note issued on August 30 by the financial rating agency, which did not change the fundamentals of the review it conducted in March.
Read also: Fitch affirms Portugal's rating at 'A-', improves outlook to positive
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