The financial rating agency Standard & Poor's decided to keep Portugal's rating unchanged at the A+ level. This decision maintains the country's credit risk classification at the same level as previously assigned.
The outlook for the Portuguese economy was also maintained as positive by the agency. This positive outlook indicates that S&P anticipates a possible improvement in Portugal's rating in the near future.
The decision to maintain the rating is mainly due to the so-called "resilience of Portuguese economic growth." The agency recognizes that Portugal's economy has demonstrated the capacity to maintain its growth pace even in the face of economic challenges.
However, Standard & Poor's anticipates that Portugal will record a budget deficit during the current year. This deficit projection contrasts with the positive outlook assigned to the Portuguese economy.
