The Fitch rating agency maintained the sovereign debt rating of Portugal to “BB +”, together with a positive perspective, worrying, however, breaking a deadlock after parliamentary elections on 4 octobre.Le maintaining the rating of Portugal, which thus remains in the category of speculative investments, “reflects the gradual rebalancing of the economy,” the agency said in a statement.
The outgoing right-wing coalition, in power since June 2011 and the Socialist opposition are neck-and-neck in the polls, and neither side appears able to obtain an absolute majority in Parliament.
The rating agency Standard & amp ; Poor’s (S & amp; P) Friday had raised the sovereign rating of Portugal by one notch to BB +, the highest level in the category of speculative investments. S & amp; P had justified its decision by highlighting “the strong economic recovery of Portugal, supported by a gradual improvement of the situation on the labor market”
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“We generally expect a political continuity, whatever the result of the legislative elections,” was also held S & amp; P
Moody’s, which was the first in July 2011 to put the debt of Lisbon. speculative grade, gives him since July 2015 a note from Ba1, one notch below also quality investments. This note could be raised “if the fiscal consolidation and debt reduction continues apace” after the elections, had said Moody’s in a statement Thursday.
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