Costa’s Balancing Act Seen Letting Portugal Keep Crucial Rating
- Investment grade rating from DBRS lets Portugal qualify for QE
- Firms including Bank of America, UniCredit see no rating cut
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For Antonio Costa, it’s all about striking a fine balance.
The Portuguese Socialist prime minister’s ability to satisfy reform-driven European authorities while also appeasing his more radical backers at home may help his country keep its crucial investment-grade rating from DBRS Ltd.