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News 2026-09-10 05:00 UTC

Portugal debt upgrade seals PIIGS passage from pariahs to pin-ups

By Sara Rossi, Valentina Consiglio and Alessia PeFitch's upgrade of Portugal's debt last week, its second in a year, marked the latest promotion among the five euro zone countries labelled the PIIGS during Europe's 2011 debt crisis.Fifteen years on, global bond markets are again creaking under the…