Portugal - Credit Rating

Standard & Poor's credit rating for Portugal stands at BBB+ with stable outlook. Moody's credit rating for Portugal was last set at Baa2 with stable outlook. Fitch's credit rating for Portugal was last reported at BBB+ with stable outlook. DBRS's credit rating for Portugal is A (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Portugal thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Portugal as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
Fitch	BBB+	Stable	Oct 28 2022
S&P	BBB+	Stable	Sep 09 2022
DBRS	A (low)	Stable	Aug 26 2022
Fitch	BBB	Positive	May 06 2022
DBRS	BBB (high)	Positive	Feb 25 2022
Moody's	Baa2	Stable	Sep 17 2021
S&P	BBB	Stable	Apr 24 2020
Fitch	BBB	Stable	Apr 17 2020
DBRS	BBB (high)	Stable	Oct 04 2019
S&P	BBB	Positive	Sep 13 2019
Analyst	80	Stable	Sep 04 2019
Moody's	Baa3	Positive	Aug 09 2019
Fitch	BBB	Positive	May 24 2019
DBRS	BBB	Positive	Apr 05 2019
S&P	BBB	Stable	Mar 15 2019
Moody's	Baa3	Stable	Oct 12 2018
S&P	BBB-	Positive	Sep 14 2018
DBRS	BBB	Stable	Apr 20 2018
Fitch	BBB	Stable	Dec 15 2017
S&P	BBB-	Stable	Sep 15 2017
Moody's	Ba1	Positive	Sep 01 2017
Fitch	BB+	Positive	Jun 16 2017
Fitch	BB+	Stable	Mar 04 2016
S&P	BB+	Stable	Sep 18 2015
S&P	BB	Positive	Mar 20 2015
Moody's	Ba1	Stable	Jul 25 2014
DBRS	BBB (low)	Stable	May 23 2014
S&P	BB	Stable	May 09 2014
Moody's	Ba2	Positive Watch	May 09 2014
Fitch	BB+	Positive	Apr 11 2014
Fitch	BB+	Stable	Mar 04 2014
S&P	BB	Negative	Jan 17 2014
Moody's	Ba3	Stable	Nov 08 2013
S&P	BB	Negative Watch	Sep 18 2013
S&P	BB	Negative	Jul 05 2013
S&P	BB	Stable	Mar 06 2013
DBRS	BBB (low)	Under Review	Aug 22 2012
DBRS	BBB (low)	Under Review	May 22 2012
Moody's	Ba3	Negative	Feb 13 2012
DBRS	BBB (low)	Negative	Jan 30 2012
S&P	BB	Negative	Jan 13 2012
S&P	BBB-	Negative Watch	Dec 05 2011
Fitch	BB+	Negative	Nov 24 2011
Fitch	BB+	Positive	Nov 21 2011
DBRS	BBB	Negative	Oct 19 2011
Moody's	Ba2	Negative	Jul 05 2011
DBRS	BBB (high)	Negative	May 24 2011
Moody's	Baa1	Negative Watch	Apr 05 2011
Fitch	BBB-	Negative Watch	Apr 01 2011
S&P	BBB-	Negative	Mar 29 2011
S&P	BBB	Negative Watch	Mar 24 2011
Fitch	A-	Negative Watch	Mar 24 2011
Moody's	A3	Negative	Mar 15 2011
Fitch	A+	Negative	Dec 23 2010
Moody's	A1	Negative Watch	Dec 21 2010
S&P	A-	Negative Watch	Nov 30 2010
DBRS	A (low)	Negative	Nov 10 2010
Moody's	A1	Stable	Jul 13 2010
Moody's	Aa2	Negative Watch	May 05 2010
S&P	A-	Negative	Apr 27 2010
Fitch	AA-	Negative	Mar 24 2010
S&P	A+	Negative	Dec 07 2009
Moody's	Aa2	Negative	Oct 29 2009
Fitch	AA	Negative	Sep 03 2009
S&P	A+	Stable	Jan 21 2009
S&P	AA-	Negative Watch	Jan 13 2009
Fitch	AA	Stable	May 01 2007
Fitch	AA	Negative	Jun 29 2005
S&P	AA-	Stable	Jun 27 2005
S&P	AA	Negative	Oct 29 2004
Fitch	AA	Stable	Sep 21 2000
S&P	AA	Stable	Dec 15 1998
Fitch	AA	N/A	Jun 04 1998
Moody's	Aa2	Stable	May 04 1998
S&P	AA-	Positive	Oct 06 1997
Moody's	Aa3	Stable	Feb 10 1997
Fitch	AA-	N/A	Aug 10 1994
S&P	AA-	Stable	May 26 1993
S&P	A+	Stable	Oct 25 1991
S&P	A	Stable	Oct 26 1989
S&P	A	Positive	Jun 26 1989
S&P	A	N/A	Oct 01 1988
Moody's	A1	Stable	Nov 18 1986