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Portugal Credit Ratings

Portugal
Moody'sS&PFitchDBRS
RatingOutlookRatingOutlookRatingOutlookRatingOutlook
Baa3PositiveBBBStableBBBStableBBB (high)Stable

Credit Rating History

Rating Agency
Date
Previous Rating
Previous Outlook
New Rating
New Outlook
S&P
Apr 24, 2020BBBPositiveBBBStable
Fitch
Apr 17, 2020BBBPositiveBBBStable
DBRS
Oct 4, 2019BBBPositiveBBB (high)Stable
S&P
Sep 13, 2019BBBStableBBBPositive
Moody's
Aug 9, 2019Baa3StableBaa3Positive
Fitch
May 24, 2019BBBStableBBBPositive
DBRS
Apr 5, 2019BBBStableBBBPositive
S&P
Mar 15, 2019BBB-PositiveBBBStable
Moody's
Oct 12, 2018Ba1PositiveBaa3Stable
S&P
Sep 14, 2018BBB-StableBBB-Positive
DBRS
Apr 20, 2018BBB (low)StableBBBStable
Fitch
Dec 15, 2017BB+PositiveBBBStable
S&P
Sep 15, 2017BB+StableBBB-Stable
Moody's
Sep 1, 2017Ba1StableBa1Positive
Fitch
Jun 16, 2017BB+StableBB+Positive
Fitch
Mar 4, 2016BB+PositiveBB+Stable
S&P
Sep 18, 2015BBPositiveBB+Stable
S&P
Mar 20, 2015BBStableBBPositive

Table Key

Grade
Moody'sS&PFitchDBRS
Prime
AaaAAAAAAAAA
High Grade
Aa1AA+AA+AA (high)
Aa2AAAAAA
Aa3AA-AA-AA (low)
Upper Medium Grade
A1A+A+A (high)
A2AAA
A3A-A-A (low)
Lower Medium Grade
Baa1BBB+BBB+BBB (high)
Baa2BBBBBBBBB
Baa3BBB-BBB-BBB (low)
Non-investment Grade Speculative
Ba1BB+BB+BB (high)
Ba2BBBBBB
Ba3BB-BB-BB (low)
Highly Speculative
B1B+B+B (high)
B2BBB
B3B-B-B (low)
Substantial Risks
Caa1CCC+CCC+CCC
Caa2CCCCCCCCC
Caa3CCC-CCC-CCC
Extremely Speculative
CaCCCCCCC
CCCC
In Default with Little Prospect for Recovery
CDRDRD
In Default
SDSD
CDDD
DDDD
DDDDDD
Not Rated
NRNRNRNR

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