Portugal Rating: Portugal Credit Rating

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Rating Moody's Portugal
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-11-17A3 (Stable)
2023-05-19Baa2 (Positive)
2021-09-17Baa2 (Stable)
2019-08-09Baa3 (Positive)
2018-10-12Baa3 (Stable)
2017-09-01Ba1 (Positive)2023-11-17A3
2014-07-25Ba1 (Stable)2023-05-19Baa2
2014-05-09Ba2 (Under Review)2021-09-17Baa2
2013-11-08(Stable)2019-08-09Baa3
2013-07-26NP2018-10-12Baa3
2013-03-27Ba3 (Negative)2017-09-01Ba1
2012-02-13Ba32014-07-25Ba1
2011-07-05Ba2 (Negative)2014-05-09Ba2
2011-04-05Baa1 (Under Review)2013-03-27Ba32023-11-17(P)P-2
2011-03-15A3 (Negative)2012-02-13Ba32023-05-19(P)P-2
2010-12-21(Under Review)2011-07-05Ba22021-09-17(P)P-2
2010-07-13A1 (Stable)2011-04-05Baa12019-08-09(P)P-3
2010-05-05(Under Review)2011-03-15A32018-10-12(P)P-3
2009-10-29(Negative)2010-07-13A12017-09-01(P)NP
2003-11-15(Stable)1998-05-04Aa22013-03-27(P)NP
1998-05-04Aa21997-02-10Aa22011-07-05(P)NP
1997-02-10Aa31994-11-28A12011-03-15(P)P-2
1986-11-18A11994-02-15A12010-08-27(P)P-1
Moody's: Long term Rating
Rating S&P Portugal
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2024-03-01A- (Positive)
2023-09-08BBB+ (Positive)
2022-09-09BBB+ (Stable)
2020-04-24(Stable)
2019-09-13(Positive)
2019-03-15BBB (Stable)
2018-09-14(Positive)
2017-09-15BBB- (Stable)
2015-09-18BB+ (Stable)
2015-03-20(Positive)2024-03-01A-
2014-05-09(Stable)2023-09-08BBB+
2014-01-17(Negative)2022-09-09BBB+
2013-09-18(Negative)2019-03-15BBB
2013-03-06(Stable)2017-09-15BBB-2019-03-15A-22019-03-15A-2
2012-01-13BB (Negative)2015-09-18BB+2017-09-15A-32017-09-15A-3
2011-12-05(Negative)2012-01-13BB2012-01-13B2012-01-13B
2011-03-29BBB- (Negative)2011-03-29BBB-2011-03-29A-32011-03-29A-3
S&P: Long term Rating
Rating Fitch Portugal
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2022-10-28BBB+ (Stable)
2020-05-22BBB2022-10-28BBB+
2020-04-17BBB2020-05-22BBB2022-10-28F1
2019-11-22BBB2020-04-17BBB2020-05-22F2
2019-05-24BBB2019-11-22BBB2020-04-17F2
2018-11-30BBB2019-05-24BBB2019-11-22F2
2018-06-01BBB (Stable)2018-11-30BBB2019-05-24F2
2017-12-15BBB (Stable)2018-06-01BBB2018-11-30F2
2017-06-16BB+ (Positive)2017-12-15BBB2018-06-01F2
2017-02-03BB+ (Stable)2017-06-16BB+2017-12-15F2
2016-08-19BB+ (Stable)2017-02-03BB+2017-06-16B
2016-07-22BB+ (Stable)2016-08-19BB+2017-02-03B
2016-03-04BB+ (Stable)2016-07-22BB+2016-08-19B
2015-09-25BB+2016-03-04BB+2016-07-22B
2015-03-27BB+2015-09-25BB+2016-03-04B
2014-10-10BB+2015-03-27BB+2015-09-25B
2014-07-08BB+2014-10-10BB+2015-03-27B
2014-04-11BB+2014-07-08BB+2014-10-10B
2013-10-23BB+ (Negative)2014-04-11BB+2014-07-08B
2013-08-09BB+ (Negative)2013-10-23BB+2014-04-11B
2012-11-12BB+ (Negative)2013-08-09BB+2013-10-23B
2012-05-11BB+ (Negative)2012-11-12BB+2013-08-09B
2012-02-21BB+ (Negative)2012-05-11BB+2012-11-12B
2011-12-06BB+ (Negative)2012-02-21BB+2012-05-11B
2011-11-24BB+ (Negative)2011-12-06BB+2012-02-21B
2011-10-07BBB- (Negative)2011-11-24BB+2011-12-06B
2011-04-01BBB- (Negative)2011-10-07BBB-2011-11-24B
2011-03-24A- (Negative)2011-04-01BBB-2011-10-07F3
2010-12-23A+ (Negative)2011-03-24A-2011-04-01F3
2010-03-24AA- (Negative)2010-12-23A+2011-03-24F2
2009-09-03AA (Negative)2010-03-24AA-2010-12-23F1
2007-05-01AA (Stable)2009-09-03AA2010-03-24F1+
2005-06-29AA (Negative)2007-05-01AA2009-09-03F1+2022-10-28F1
2000-09-21AA (Stable)2005-06-29AA2007-05-01F1+2020-05-22F2
1998-07-14AA2000-09-21AA2005-06-29F1+2020-04-17F2
1998-06-04AA1998-07-14AA2000-09-21F1+2019-11-22F2
1995-10-26AA-1998-06-04AAA1998-07-14F1+2019-05-24F2
1994-08-10AA-1995-10-26AAA1998-06-04F1+2018-11-30F2
0000-00-00A- (Stable)0000-00-00A-1995-10-26F1+2018-06-01F2
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative
Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery
SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative
P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC