Fitch raises Portugal sovereign rating to A+ from A
Fitch upgraded Portugal’s sovereign rating to "A+" from "A" on Friday, its second upgrade in a year. Fitch cited strengthened public finances, declining government debt, and persistent current account surpluses.
Fitch raised Portugal’s sovereign rating to "A+" from "A" on Friday, marking its second upgrade in a year. The agency said the move reflects strengthened public finances and declining government debt. Fitch said "policy prudence, repeated fiscal outperformance and persistent current account surpluses" have improved Portugal’s credit profile.