Standard & Poor's raises Portugal's credit rating to “BB+”

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21 September 2015

Standard & Poor's raises Portugal's credit rating to “BB+”

The ratings agency Standard & Poor's (S&P) upgraded Portugal's credit rating to "BB+" from "BB" on Friday. The outlook is "stable".

"Portugal's economic recovery and budgetary consolidation continue in line with our expectations, putting net government debt to gross domestic product on a declining path after 15 consecutive years of increases," S&P said.

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