News

S&P raises Portugal to BBB/positive from BBB/stable

Better outlook for Portugal from S&P

It’s easy to sell bonds when the central bank is buying them all.

S&P said its rating at BBB was affirmed but that the outlook was shifted to positive. The current yield on Portugal’s 10-year note is 0.32%. Safe to say the market views it as far better than BBB, which is the second-lowest investment grade.

ForexLive

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