Government says 'rating' upgrade is "another step in credibility and confidence" in the country

The Portuguese Government reacted today to the upgrade of Portugal's 'rating', considering that this decision represents "another step in credibility and growing international confidence" in the country. The government note reinforces that the improvement in the risk classification confirms Portugal as "an increasingly relevant partner" on the international stage. The executive did not specify which 'rating' agency was responsible for the upgrade or the concrete details of the classification assigned. This reaction comes in a context of economic recovery and fiscal consolidation that has been strengthening Portugal's image among markets and international bodies.