The rating agency Fitch downgraded Friday the perspective of the debt rating of Portugal from “positive” to “stable,” citing “political risks” that hinder deficit reduction.
The rating is she maintained at BB +, in the category of speculative investments, in which Portugal had been relegated in 2011 after his application for urgent international aid.
“The need to implement additional austerity measures in 2016 or in the 2017 budget could be the breaking point for the alliance” between the socialist government and the radical left parties, Fitch warns in a statement.
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