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Fitch raises outlook on Portugal’s debt rating – economy
More good news for Portugal as it moves closer to ending its need to be in a bailout programme.
The Fitch rating agency has raised its outlook on Lisbon’s debt to “positive” from “negative”.
It said that was because of the country’s strong progress in cutting its budget deficit and as it is now able to borrow on the debt market ahead of exiting its international bailout in May.
Portugal’s rating remains unchanged at BB+, just one notch into junk territory.
Fitch also upgraded its growth for…
READ MORE : http://www.euronews.com/2014/04/11/fitch-raises-outlook-on-portugal-s-debt-rating
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