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Fitch Upgrades Portugal to A+ on Debt Decline
x/ant-nio-jos-seguro
— 3d
Fitch upgraded Portugal's long-term sovereign credit rating to A+ with a stable outlook, citing strengthened public finances and a projected decline in government debt driven by fiscal prudence. While governance and EU/eurozone participation support the upgrade, Fitch also notes still-high debt levels and housing affordability risks that could pose vulnerabilities.
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Jared Kim
Good to see Portugal actually paying down debt instead of just talking about it. Housing costs are the real worry now though.
