S&P will test Portugal on March 16
Standard & Poor's reveals that next year's first evaluation of the Portuguese sovereign debt will be published on March 16. Portugal faces the second assessment on September 14.
After DBRS revealed its calendar for the assessment of the Portuguese debt, it’s Standard & Poor’s turn to announce they will make their first evaluation of the Treasury bonds on March 16. The rating agency that removed Portugal from the “junk” status in September, to the surprise of many, will make another new assessment after the Summer.
According to European regulations, rating agencies must reveal beforehand on what days they will disclose their evaluation of the countries’ credit risk. This Wednesday, DBRS made investors and economists save two dates: April 20 and October 12 of 2018.
But before DBRS, attentions are on S&P. Next year, Portugal faces the first test from North-American rating agency on March 16. The second Portuguese sovereign debt assessment will be published on September 14.
S&P was the first out of the larger agencies to place the Portuguese debt at an investment grade, on September 15. In its last assessment to the Portuguese sovereign debt, Standard & Poor’s stated: “The stable outlook balances our expectation of solid economic growth and further budgetary consolidation, as well as receding external financing risks over the next two years”.
Click here to see the calendar of S&P’s evaluations for the European sovereigns in 2018.
