DBRS rating agency, from which Portugal receives its sole investment grade rating, is scheduled to review its rating for Lisbon on Friday.
Rabobank analysts argued Portugal can expect DBRS rating agency to hold its stable outlook for the country on Friday despite a perceived weakening of political commitment to sustainable economic policies and deterioration in public debt.
“There are three big rating agencies that still remain below investment grade, that’s true… (but) I think they are increasingly understanding that our story is credible and moving forwards,” Felix said.
Meanwhile, the International Monetary Fund (IMF) recently raised its 2017 growth projections for Portugal as the Fund published its World Economic Outlook for 2017 on Tuesday.
The Washington-based institute had upwardly revised its projections for growth in Portugal to 1.8 percent by year-end from 1.1 percent. Despite the IMF’s amendment, the forecast remains slightly less optimistic than Lisbon’s government outlook.
