Published On: Fri, Oct 12th, 2018

Portugal credit rating lifted to investment grade by Moody’s

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Portugal rating raised

Moody’s raised Portugal’s credit rating to Baa3 from Ba1 and changed the outlook to stable from positive.

Portugal had a rating of Aa2 back in 2010 but was downgraded several times before falling to Ba3 in 2012. It’s slowly crawled back since but this was the first upgrade since 2014.

ForexLive



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