DBRS rating agency improves outlook for Portugal’s credit rating – Observer
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The financial rating agency DBRS Morningstar improved the “perspective” of the Evaluation of Portugal towards a “positive” tendency, compared to the previous panorama that it was “stable”. The rating of DBRS, the only agency recognized by the ECB that never lowered the Evaluation of the Portuguese Republic to trashis three levels above this level, in BBB High (high).
In the report published this Thursday, a DBRS justifies a change to a positive outlook on Friday with an assessment that the context with Portugal’s credit vulnerability related to the pandemic is being reduced, in a context in which macroeconomic projections are reducing ” .
Despite the economic and health shock that led the economy to contract by 8.4% in 2020, a healthy recovery began last year and the economy should return to its second pre-pandemic level in the quarter of 2022, “he says. DBRS, adding that “the crisis does not appear to have inflicted serious long-term economic damage”.
DB’s coming of age optimism, still due to “perform the strongest justifications for growth, for the years of greater stability of the growth policy, for the largest22 which “contributes to something political stability for greater growth of the largest of January 2022, which later resulted in a larger government”. The DBRS, still, factors with the reduction of the economy rate as 19 benefits of the economic population, as “volume of reduction of the Union”.
On the other hand, the agency notes that, despite all these reasons for greater optimism, “their important financial vulnerability remains, which includes lower public debt, problems at the bottom of the past and a relatively relative economic growth potential”. “These problems could become more challenging if the adverse consequences of the crisis prove to be more lasting”, concludes the agency. Evaluation.