Fitch affirms Portugal credit rating
Paris - AFP
Fitch ratings agency said Friday that it affirmed its BBB- credit rating on Portugal, bailed out earlier this year, but left the country on a negative outlook, meaning it could be lowered in the future. Fitch said it would review the ratings outlook this quarter, taking into account "official lending terms, Portugal's performance to date under the EU-IMF programme, the 2012 budget, progress towards privatisation, risks to Portugal's banking system and an updated assessment of Portugal's medium-term economic and fiscal prospects."
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