LISBON: Portugal's Prime Minister Antonio Costa has no doubts that ratings agency DBRS will maintain its investment grade rating on the country in a review to be unveiled later on Friday.
"This is not an issue that has been worrying me. Portugal's financial situation can only lead to a positive decision" by DBRS, Costa said in televised comments to reporters during a European Union summit in Brussels.
Rating agency DBRS's lowest investment-grade rating is what separates heavily indebted Portugal from losing eligibility for the European Central Bank's bond-buying programme. The other major agencies rate its debt as "junk".
Without access to the programme, many analysts fear Portugal would face a debt crisis and need a new bailout. Most believe, however, that DBRS will maintain its rating.
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