European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Portuguese Republic

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A- Outlook STA 08.08.2023 11.08.2023
BBB Outlook POS 01.09.2022 09.09.2022
BBB Outlook STA 06.09.2021 10.09.2021
BBB Outlook STA 09.09.2020 18.09.2020
BBB Outlook STA 27.03.2020 03.04.2020
BBB Outlook POS 16.09.2019 23.09.2019
BBB- Outlook POS 19.09.2018 21.09.2018
BB+ Outlook STA 25.10.2017 27.10.2017
BB Outlook STA 26.10.2016 28.10.2016

News

  • 11.08.2023
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Portuguese Republic to "A-" from "BBB". Creditreform Rating has also raised Portugal's unsolicited ratings for foreign and local currency senior unsecured long-term debt to "A-" from "BBB". The outlook is stable.
  • 09.09.2022
    Creditreform Rating has revised its outlook on the Portuguese Republic to positive from stable and affirmed the unsolicited long-term sovereign rating of "BBB". Creditreform Rating has also affirmed Portugal's unsolicited ratings for foreign and local currency senior unsecured long-term debt of "BBB".
  • 10.09.2021
    Creditreform Rating has affirmed the unsolicited long-term sovereign rating of “BBB” for the Republic of Portugal. Creditreform Rating has also affirmed Portugal´s unsolicited ratings for foreign and local currency senior unsecured long-term debt of “BBB”. The outlook is stable.
  • 18.09.2020
    Creditreform Rating has affirmed the unsolicited long-term sovereign rating of “BBB” for the Republic of Portugal. Creditreform Rating has also affirmed Portugal´s unsolicited ratings for foreign and local currency senior unsecured long-term debt of “BBB”. The outlook remains stable.
  • 03.04.2020
    Creditreform Rating has revised its outlook on the Republic of Portugal to stable from positive and affirmed the unsolicited long-term sovereign rating of “BBB”. Creditreform Rating has also affirmed Portugal´s unsolicited ratings for foreign and local currency senior unsecured long-term debt of “BBB”.
  • 23.09.2019
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Republic of Portugal to “BBB” from “BBB-”. Creditreform Rating has also raised Portugal's unsolicited ratings for foreign and local currency senior unsecured long-term debt to “BBB” from “BBB-”. The outlook remains positive.
  • 21.09.2018
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Republic of Portugal to “BBB-” from “BB+” and revised its outlook to positive from stable. Creditreform Rating has also raised Portugal´s unsolicited ratings for foreign and local currency senior unsecured long-term debt to “BBB-” from “BB+”.
  • 27.10.2017
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Republic of Portugal to "BB+" from "BB". Creditreform Rating has also raised Portugal´s unsolicited ratings for foreign and local currency senior unsecured long-term debt to "BB+" from "BB". The outlook is stable.