Sovereign
Outlook: Negative
Action date: 07/03/2020
Rating action: Affirmed

REPUBLICA DE PORTUGAL

We maintain our BBB+ credit rating with a change in trend to Negative due to foreseable economic shock of COVID-19 over the Portuguese economy. However, our rating highlight the economic performance observed in recent years, with a markeable improvement of the labour market, a sustained GDP growth, and an important fiscal consolidation path.

Rating

Unsolicited
Date last rating: 07/03/2020
Date first rating: 01/18/2019