Fitch switches Portugal outlook from 'negative' to 'positive' | Bangkok Post: news

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Fitch switches Portugal outlook from 'negative' to 'positive'

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Fitch on Friday switched the outlook on Portugal's BB+ rating from "negative" to "positive", a month before the eurozone nation exits its international bailout, raising the prospect it may soon rejoin investment-grade ranks. 

Farmers demonstrate in Lisbon on April 3, 2014 against new taxes aimed at small to medium farming operations

Fitch said the upgrade to the ratings outlook is justified by Lisbon's progress in repairing public finances as well as the overall recovery of the economy three years after its EU-IMF bailout.

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