Portugal Credit Ratings & Outlooks
País | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
A3 Stable | A+ Stable | A- Stable | A (high) Stable | A Positive |
Histórico de notações
País | Date of Change | Agência de notação | Notação anterior | Perspetiva anterior | Notação atual | Current Outlook |
|---|---|---|---|---|---|---|
| out 31, 2025 | Scope Ratings | A | Stable | A | Positive | |
| ago 29, 2025 | S&P | A | Positive | A+ | Stable | |
| mar 01, 2025 | S&P | A- | Positive | A | Positive | |
| jan 17, 2025 | DBRS | A | Positive | A (high) | Stable | |
| nov 22, 2024 | Scope Ratings | A- | Positive | A | Stable | |
| jul 26, 2024 | Scope Ratings | A- | Stable | A- | Positive | |
| jul 19, 2024 | DBRS | A (low) | Stable | A | Positive | |
| mar 01, 2024 | S&P | BBB | Stable | A- | Positive | |
| nov 17, 2023 | Moody's | Baa2 | Stable | A3 | Stable | |
| set 29, 2023 | Fitch | BBB+ | Stable | A- | Stable | |
| mar 24, 2023 | Scope Ratings | BBB+ | Positive | A- | Stable | |
| out 28, 2022 | Fitch | BBB | Stable | BBB+ | Stable | |
| ago 26, 2022 | DBRS | BBB (high) | Positive | A (low) | Stable | |
| mai 13, 2022 | Scope Ratings | BBB+ | Stable | BBB+ | Positive | |
| fev 25, 2022 | DBRS | BBB (high) | Stable | BBB (high) | Positive | |
| set 17, 2021 | Moody's | Baa3 | Positive | Baa2 | Stable | |
| abr 24, 2020 | S&P | BBB | Positive | BBB | Stable | |
| abr 17, 2020 | Fitch | BBB | Positive | BBB | Stable | |
| jan 31, 2020 | Scope Ratings | BBB | Positive | BBB+ | Stable | |
| out 04, 2019 | DBRS | BBB | Positive | BBB (high) | Stable |
Tabela-chave
| Grau | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
Grau elevado | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Grau médio-superior | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Grau médio-baixo | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Grau de não-investimento especulativo | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
Com pagamentos em atraso com fraca perspetiva de recuperação | CD | RD | RD | ||
Por defeito | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Não classificado | NR | NR | NR | NR | NR |
FAQ
What is Portugal’s current credit rating?
Portugal’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Portugal’s credit risk.
Has Portugal’s credit rating changed recently?
This page lists the latest rating and outlook actions for Portugal, showing when each agency last reviewed or changed its assessment.
Why does Portugal’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Portugal's bond yields, currency, and equity flows as investors reassess risk.
How does Portugal’s rating compare to other countries?
You can explore how Portugal ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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