Morningstar DBRS confirmed Portugal's long-term sovereign debt rating at 'A (high)' with a positive outlook, leaving the country at the fifth-highest tier on its credit scale. The agency cited expectations that Portugal's public debt ratio will keep declining despite challenging international economic conditions, while pointing to higher-than-expected economic growth this year. The positive trend leaves open the possibility of a future rating upgrade if fiscal performance remains steady.
DBRS Maintains Portugal's Sovereign Rating at 'A High'
Friday, 13 November 2026AI summary
Context & Explainers
DBRS Morningstar is a Canadian credit-rating agency that assesses sovereign and corporate creditworthiness; its ratings influence investor confidence and borrowing costs. In January 2025 DBRS upgraded Portugal to A (high) with a stable outlook, kept that rating in a July 2025 review, and most recently chose not to change it — a signal that creditors see Portugal’s finances as relatively solid.
In the third quarter of 2025 Portugal's public debt reached 97.6% of GDP, the sixth-highest ratio in the EU and above the euro-area average of 88.5%, Eurostat reported. For residents and investors this means Portugal's debt level is relatively high within the EU and can influence government borrowing costs, public spending choices and long-term fiscal policy.
