The credit-rating firm Standard & Poor have decided not to downgrade the rating of Portugal today after a review by the firm said it had identified signs of stabilisation in the country.
Standard and Poor said that they have found the government in Portugal to be committed to the austerity measures that it has imposed in the country however, the slightly contradictory report states that Portugal is still considered to have a negative outlook which may indicate that the firm could possibly downgrade the rating in the coming months.
Portugal News
Related,
- Portugal comfortably meets 2013 deficit reduction goal - El País
- Economic Indicators Positive For Portugal - Portugal News
Good and bad news for Portugal's credit rating
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