Portugal’s deficit for the first time fell below 3% of GDP last year, and growth could reach 2.8% in 2017.
The rating agency Standard and Poor’s has just raised the rating of Portuguese debt, leaving it out of the category of speculative investments in which it had been relegated when the country had used an international aid plan.
The rating attributed to the Portuguese debt has been raised from “BB +” to “BBB-” with a “stable” outlook, due to “better growth prospects”, “solid progress” made by the country and a “lower risk” regarding its financing conditions, said Standard and Poor’s in a statement.
One can invest via ETF in Portugal via PGAL (Global X, USD).