“It is important to note that this decision was sustained in the conviction of this rating agency, that the Portuguese government is committed to the commitment to fiscal consolidation,” began the Ministry to highlight, in the note sent to Lusa .
this idea further reasons were added, “as the resilience of the Portuguese export sector, the significant improvement of the maturity profile of the debt, and the creation of conditions for the maintenance of debt costs sustainable levels “.
together, the Ministry led by Mário Centeno said that” these arguments go against the positions that have been expressed by the Portuguese government, which is so confident that the Portuguese economy and the execution of the State Budget will create the foundations for a positive evolution of the ‘rating’ given to Portugal in the near future “
the Standard & amp.; Poor’s today maintained the ‘rating’ of Portugal to BB +, out of investment grade, and considered that the Government will remain committed to fiscal consolidation.
In a statement in which he gave to the maintenance of the score of the debt long-term Portugal, the agency Credit rating predicted for the economy a “moderate growth” this year and found that the government “will remain committed to policies that support further fiscal consolidation”.
the note from BB + assigned to Portugal is the first level of non-investment or speculative investment ( ‘waste’)
the S & amp;. P also maintained the perspective of the ‘rating’ of Portugal in stable
in critical terms, the note of the S & P remains constrained by high debt of the public and private sectors, the fragility of the banking sector and the weak transmission of monetary policy, which calls into question the growth potential of Portugal .
in early March, Fitch downgraded the outlook from positive to stable Portuguese government debt, keeping the ‘rating’ BB +.
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