Scope Leaves Portugal Rating Unchanged in "A"

Despite the political crisis in Portugal, the Scope agency maintained the country's rating in "A", with a stable perspective. Other agencies had already reviewed the note before government instability.

The financial rating agency Scope decided today to leave Portugal’s rating unchanged at “A”. In November, the agency had raised Portugal's long-term rating to “A” and changed the outlook to “stable”. “Scope has completed a monitoring review for the Portuguese Republic. The periodic review did not result in any rating action,” it said in a statement. This decision was influenced by the “substantial reduction in public debt”, supported by a histo…