Moody’s was due to issue its opinion today on Portugal’s rating, but the timelines are just indicative, and the agency may choose not to.
This is the second time this year that Moody’s has chosen not to comment on Portugal’s sovereign debt, as it did not release the expected rating on May 20.
On September 17, 2021, the US agency upgraded Portugal’s debt rating from “Baa3” above “trash” to “Baa2” with a stable outlook.
This change was justified, at the time, by the expectation of improved economic growth in the long term and confidence that public debt would return to a downward trajectory.
This concludes the rating cycle planned by financial rating agencies for Portugal this year, with the country recording three rating improvements: by Fitch, by DBRS and Standard & Poor`s.
“Rating” is an assessment attributed by financial rating agencies, which has a significant impact on the financing of countries and companies, as it assesses credit risk.
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