US EditionFitch Maintains Portugal's Rating and Improves Outlook to “Positive”
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“Public debt in relation to GDP will continue to fall significantly,” said the financial rating agency. However, a deficit is expected due to the expenses caused by the storms.
Fitch pointed out that the review of the outlook reflects the view of the agency "that Portugal's public debt in relation to GDP will continue to fall significantly". However, a deficit of 0.8% this year is foreseen due to the costs related to storms and reconstruction.
The Agency also provides for a deficit of 0.8% this year, indicating that “deterioration is mainly reflected in the costs related to storms and reconstruction, a peak in the expenditure financed by the PRR and cuts in the taxes on the performance of single and collective persons in the 2026 budget, in line with an increase in the expenditure with salaries and pensions”
Jornal de Negócios
sabado.ptA week after the Standard & Poor's has been surprised by raising the perspective of the Portuguese life of "est old" for "positive", Fitch followed his steps.
Fitch today evaluated Portugal's sovereign debt and, after a rise in last year, analysts heard by Lisa consider it more likely to maintain 'rating' in 'A', while the perspective can improve.
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