The financial rating agency S&P left Portugal’s rating unchanged at ‘A+’, but the outlook went from stable to positive, due to the resilience of the economy and the reduction of debt, according to the decision published this Friday, February 27th.
The positive outlook “reflects the expectation that Portugal will continue to reduce net public debt, supported by sound fiscal management and robust economic growth”reads the note published this Friday by S&P.
The financial rating agency predicts that, in the medium term, the economy “will expand above the euro zone average”, with growth of 2.2% in 2026, driven by the acceleration of public investment financed by grants from the Recovery and Resilience Plan.
O rating It is an assessment given by financial rating agencies, with a great impact on the financing of countries and companies, as it assesses credit risk.
This is the second assessment of Portuguese sovereign debt this year, after DBRS, in January, maintained Portugal’s rating with a stable outlook.
Next week it will be Fitch’s turn to analyze Portugal, whose last assessment was in September 2025, when it raised the rating to ‘A’ with a stable outlook.

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