DBRS Morningstar Changes Trend on Portugal to Positive, Confirms at BBB (high)

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Republic of Portugal’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (high). The rating trends on the Long-Term Ratings have been changed to Positive. At the same time, DBRS Morningstar confirmed Portugal’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend on all Short-Term ratings is Stable.