Moody’s maintains Portugal’s Infrastructure rating two levels above rubbish – Empresas
Moody’s also reiterated today the Baa2 rating of IP’s European Medium Term Notes (EMTN – issue of three medium-term bonds) program, in the amount of one billion euros
The agency of its decision with the fact that “in December refunds have 000000000000000000000 senior notes missed the last remaining part of its decision with the fact that “in December” Portuguese governor”.
As for the outlook, “the outlook is stable, reflecting a stable outlook on the Portuguese government”. For the agency, it would make sense to update the IP debt rating if “the Portuguese government’s rating was updated”, which has not happened so far.
The financial rating agency assesses Portuguese debt with an investment rating of Baa2 with a stable outlook.