Miranda Sarmento believes in further upgrades of Portugal's rating

Joaquim Miranda Sarmento expressed confidence in further credit rating upgrades for Portugal, contingent on continued debt reduction. He highlighted five upgrades since April 2024 and noted that only six Eurozone countries rank higher. Upcoming evaluations by DBRS and Moody's could lead to further improvements, potentially achieving a AA- rating. The IMF forecasts that Portugal's public debt may fall below Germany's by the end of the decade.