The government reacted to Moody's rise in the Portuguese sovereign rating outlook on Friday, noting that Portugal has experienced the longest period of economic growth since its accession to the euro, with average growth of 1.9% over the past 22 years. quarters.
Moody's maintained on Friday the Portuguese sovereign debt rating at 'Baa3', but rose from 'stable' to 'positive', citing the continuing and faster-than-expected fall in public debt weight and prospects for further improvements in the health of the country's banking sector.
“The policy options adopted allowed Portugal to overcome challenges it faced and to start a path of inclusive and sustainable growth,” the finance ministry said in a statement.
“Portuguese public debt benefits today from the investment rating of the four main credit rating agencies. rating "he stressed. “The interest rate on Portuguese 10-year bonds is below 0.3%, an unparalleled historical figure and the spread against Spain has been narrowing over 2019, with public debt interest rates today practically in line with Spanish debt interest rates ”.