Rating agency DBRS maintains Portugal's sovereign debt rating, but now with no prospect of improvement
DBRS has kept Portugal's sovereign debt rating unchanged but removed any prospect of an upgrade, signalling it does not expect improvement in the near term.
DBRS assesses Portugal's credit rating today; outlook may improve
Credit-rating agency DBRS is reviewing Portugal's sovereign rating today. The outlook could be upgraded if economic indicators and fiscal metrics continue to improve, say analysts.
JP Morgan expects an upgrade to Portugal's rating as early as May
JP Morgan analysts Aditya Chordia and Matteo Mamprin assign a roughly 50% probability that Moody’s will upgrade Portugal’s sovereign credit rating at its scheduled review in May, putting an upgrade within about four and a half months. The bank’s view reflects an assessment that Portugal’s improving economic fundamentals, fiscal position and lower borrowing costs have materially strengthened its credit profile, reducing downside risks. An upgrade as soon as May would tighten financing spreads, reinforce investor confidence and mark another step in Portugal’s long post‑crisis recovery; market participants should monitor sovereign metrics and rating signals in the run‑up to the review.
