FOREX TradingCharts.com

Financial News: Moody's Lifts Portugal's Rating Outlook To Positive

Moody's Lifts Portugal's Rating Outlook To Positive

09/02/2017 - 04:37:00 (RTTNews)

(RTTNews) - Moody's Investors Service upgraded the outlook to positive from stable on Portugal's sovereign ratings.

The agency cited improving resilience of Portugal's economic growth, ongoing fiscal improvements and strengthening government debt structure as reasons for the latest action.

The agency expects a marked pick-up in economic growth to 2.5 percent in 2017. The agency also forecasts investment activity to remain buoyant and continue to contribute to growth over the forecast horizon.

Further, Moody's observed that Portugal's fiscal consolidation efforts exceeded expectations in 2016, resulting in a decline in the budget deficit to 2 percent of GDP, from 4.4 percent in 2015. The budget deficit is expected to remain below 3 percent in coming years.

According to Moody's, active debt management policies have helped increase the resilience of Portuguese state debt to market developments, including from a gradual increase in interest rates.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Confidence Deteriorates In September (02 hr(s), 01 min(s), 10 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Tuesday showed a deterioration in U.S. co ...Full Story»

U.S. New Home Sales Unexpectedly Plunge 3.4% In August (02 hr(s), 08 min(s), 10 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly showed a sharp decrease in the month of August ...Full Story»

Mexico Jobless Rate Rises First Time In 9 Months (02 hr(s), 13 min(s), 10 sec(s) ago)
(RTTNews) - Mexico's unemployment rate rose for the first time in nine months in August, figur ...Full Story»

Philippine CB Unlikely To Change Policy Stance Soon: Capital Economics (04 hr(s), 0 min(s),10 sec(s) ago)
(RTTNews) - The latest policy statement suggest that the Philippines central bank is likely to lea ...Full Story»

Correction: UK Budget Logs Lowest Deficit For August In 10 Years (05 hr(s), 15 min(s), 10 sec(s) ago)
(RTTNews) - Note: Correction from source The UK budget deficit decreased to its lowest Augus ...Full Story»

Hong Kong Trade Deficit Widens In August (06 hr(s), 41 min(s), 10 sec(s) ago)
(RTTNews) - Hong Kong's foreign trade deficit increased in August from a year ago, as imports ...Full Story»

UK Mortgage Approvals At 6-Month High (07 hr(s), 37 min(s), 10 sec(s) ago)
(RTTNews) - UK mortgage approvals increased to a six-month high in August, data published by the U ...Full Story»

Sweden PPI Inflation Slows In August (08 hr(s), 08 min(s), 10 sec(s) ago)
(RTTNews) - Sweden's producer price inflation eased in August after accelerating in the previo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Confidence Deteriorates In September

09/26/2017 - 10:29 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Tuesday showed a deterioration in U.S. co ...Full Story>>

U.S. New Home Sales Unexpectedly Plunge 3.4% In August

09/26/2017 - 10:22 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly showed a sharp decrease in the month of August ...Full Story>>

Mexico Jobless Rate Rises First Time In 9 Months

09/26/2017 - 10:17 AM (RTTNews)
(RTTNews) - Mexico's unemployment rate rose for the first time in nine months in August, figur ...Full Story>>

Philippine CB Unlikely To Change Policy Stance Soon: Capital Economics

09/26/2017 - 08:30 AM (RTTNews)
(RTTNews) - The latest policy statement suggest that the Philippines central bank is likely to lea ...Full Story>>

Correction: UK Budget Logs Lowest Deficit For August In 10 Years

09/26/2017 - 07:15 AM (RTTNews)
(RTTNews) - Note: Correction from source The UK budget deficit decreased to its lowest Augus ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.