Portugal Looks to Attract New Investors After S&P Rating Upgrade

Portuguese Finance Minister Mario Centeno expects greater demand for his nation’s debt from a broader array of investors to spur lower borrowing costs both for the government and corporations, after the country’s credit rating was restored to investment grade status by S&P Global Ratings.

“This has a very significant impact,” Centeno said in a telephone interview. “It allows a much vaster array of investors to have Portuguese debt in their portfolios. It also allows private debt to benefit from these better financing conditions, and this is very relevant for Portuguese banks.”