Tag Archives: Portugal rating

September growth and unemployment rates show how far it has come.In two decades, Portugal has gone through a boom (1996-2001), a slump (2002-2007), a deep recession (2008-2013), a timid recovery (2014-2016) and now a robust economic expansion. In 2017, real GDP grew by 2.8%, its fastest pace since 2000. This is even more remarkable when considering that the country exited its bailout programme only in mid-2014. Investment and robust exports were the main growth drivers in 2017.Starting in...

A suspension of bond purchases by the ECB in the event of downgrade would be huge risk to outlook. Ratings agency DBRS is due to issue an update of its rating for Portugal on Friday, 21 October. Among the four rating agencies used by the ECB, only DBRS still has an investment-grade rating for Portuguese sovereign bonds (OTs). Even a one-notch downgrade by DRBS would push its rating of Portugal down to speculative status, and would effectively render Portuguese sovereign bonds ineligible for...