Portugal Raised to A From A- by Fitch on Falling Debt Ratio

Portugal’s government bond rating was raised by Fitch Ratings, which cited a steady decline in the country’s public debt burden.

The rating was revised to A from A-, with a stable outlook, Fitch said in a statement on Friday. Fitch in September 2023 raised the rating to A- from BBB+, and a year later lifted the outlook to positive.