DBRS Morningstar Upgrades Portugal to “A”, Stable Trend

DBRS Ratings GmbH (DBRS Morningstar) upgraded the Republic of Portugal’s Long-Term Foreign and Local Currency – Issuer Ratings to “A” from A (low). At the same time, DBRS Morningstar confirmed Portugal’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trends on all ratings remain Stable.