Edition 1487
11 August 2018
Edition: 1487

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Portugal more sensitive to market forces - Moody's

by TPN/Lusa, in News · 06-02-2018 08:40:00 · 0 Comments

Rating agency Moody's said on Monday that Portugal is still more sensitive to market changes that other European economies, though the early repayment of IMF loans has improved the resilience of the country’s debts.

Portugal more sensitive to market forces - Moody's

 

Moody's is the only one of the big three rating agencies that still considers investment in Portugal as junk.

 

It said that its borrowings were “very high compared to other countries” around 127% of Gross Domestic Product (GDP) in 2017, so Portuguese bonds are more exposed to investor confidence than in most other European countries.

 

The agency did mention that Portugal had already repaid €831 million earlier than expected as this was the most expensive part of its bailout loan.

 

Following this early repayment, Portugal has reimbursed 83% of the total IMF loan.

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Edition 1487
11 August 2018
Edition: 1487

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

Twitter

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