Portugal Keeps Credit Rating That Ensures Eligibility for QE
- Fitch, Moody’s, S&P rate Portugal debt as non-investment grade
- Investment grade rating from DBRS lets Portugal qualify for QE
What Portugal's Credit Rating Says About ECB Policy
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Portugal’s credit rating was retained at investment grade by DBRS Ltd., securing eligibility of the country’s debt for the European Central Bank’s bond purchase program.
The Toronto-based company kept Portugal’s rating at BBB (low), its lowest investment grade, and maintained the stable trend. For Portugal’s bonds to qualify for purchase under the ECB’s quantitative-easing plan, the nation must be rated investment grade by at least one major ratings company.