Edition 1493
22 September 2018
Edition: 1493

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ARC maintains Portugal’s rating with stable outlook

by TPN/Lusa, in Business · 30-11-2017 14:01:00 · 0 Comments

ARC Ratings has kept its rating on Portuguese sovereign debt at ‘BBB-’ with a stable outlook, considering its commitment to budget consolidation and ‘proactive’ management, of debt, the rating agency said in a statement issued earlier this week.

The agency points out that Portugal’s biggest constraints are related to debt - which currently stands at over 130 percent of Gross Domestic Product (GDP) and makes the country vulnerable to fluctuations in market confidence - and to the budget deficit.
However, it notes that the government is “proactive” about debt management and is capable of taking control of related risks, and that forecasts included in the 2018 State Budget are “comfortable.”
Fiscal consolidation efforts have also been “extremely vigorous,” ARC Ratings added in its statement.

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Edition 1493
22 September 2018
Edition: 1493

Read this week's issue online exactly as it appears in print.

Twitter

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