Edition 1429
24 June 2017
Edition: 1429

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S&P maintains sovereign rating at junk level

by TPN/ Lusa, in News · 18-03-2017 07:55:00 · 0 Comments

Rating agency Standard & Poor's (S&P) kept Portugal’s rating at 'BB+', or 'junk', on Friday, with a stable outlook, showing its concerns with the risk of the banks and the high public and private debt levels.

S&P maintains sovereign rating at junk level

 

On the bright side, S&P highlighted the "current budget consolidation, improvements in the maturity profile of the public debt and the European Central Bank’s (ECB) accommodating monetary policy".

 

S&P estimates that the Portuguese economy is going to grow 1.6% this year, compared with 1.4% last year and forecasts that this "modest economic recovery" has positive effects "on all sectors".

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Edition 1429
24 June 2017
Edition: 1429

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

Twitter