The Minister of Finance said today he was confident that Portugal will have more rises in “rating”, if it continues the path of debt reduction, at a time when two more evaluations are scheduled by the end of the year.
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12/11/2026
by
Lusa
O minister of Finance said today to be confident that Portugal will have more rises in the ‘rating’, if maintaining the path of debt reduction, at a time when two more evaluations are scheduled by the end of the year.
In a seminar on the State Budget for 2027, promoted by the Portuguese Industrial Association (AIP) in Lisbon, Joaquim Miranda Sarmento pointed out that the reduction of public debt and the balance of public accounts “has led to significant improvements in the country’s rating.
“Since April 2024 we have had five rises,” the minister signaled, pointing out that there are only six eurozone countries ahead of Portugal in terms of classification, three of which have “triple A (AAA)”, the highest rating awarded by the major financial rating agencies.
Miranda Sarmento pointed out that Portugal is only one rise away from having only three better ranked countries – Germany, Luxembourg and the Netherlands.
The governor recalled that there are evaluations of DBRS this week and Moody’s next, saying that, although he does not know what decisions they will make, he believes that if the country continues the trajectory, “soon” will have double rises Less (AA-), for a “very comfortable position”.
It also stressed that, according to the forecasts of the International Monetary Fund (IMF), Portugal can reach the end of the decade with a public debt below German.