The Fitch agency highlights consistent primary surpluses, debt reduction, and a debt profile centered on fixed rates as decisive factors for improving the country’s credit rating.

The financial rating agency Fitch recently announced the upgrade of Portugal’s credit rating, which rose from “A-” to “A.” This decision reflects growing confidence in the country’s ability to maintain a solid fiscal trajectory, even amid international economic uncertainty. The agency stressed that consistent management of public accounts and the gradual reduction of debt were key factors in the rating upgrade.

According to Fitch, the positive performance is largely due to the successive primary surpluses achieved by Portugal. These results demonstrate an ongoing effort to control public spending and responsibly manage state finances. In addition, the debt structure now shows a more robust profile, with extended maturities and a higher percentage of debt issued at fixed interest rates, reducing exposure to market fluctuations.

Another highlighted element was Portugal’s ability to face the challenges posed by low inflation and the economic slowdown in Europe. Although GDP growth may moderate in the coming years, Fitch believes that budgetary discipline and the commitment to financial stability will remain factors of resilience. The agency also noted that the country has benefited from effective fiscal containment policies and the sound implementation of European funds, such as the Recovery and Resilience Plan (RRP).

This rating upgrade is positive news for the Portuguese economy, as it improves risk perception among international investors. In practice, it may translate into lower financing costs for the state and national companies, strengthening the competitiveness of the economy. The rating increase also sends a signal of confidence to markets, showing that Portugal is on a sustainable path of public debt management and strengthening its external financial position.