Portugal - Credit Rating

Standard & Poor's credit rating for Portugal stands at A+ with positive outlook. Moody's credit rating for Portugal was last set at A3 with stable outlook. DBRS' credit rating for Portugal was last reported at A (high) with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Portugal thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Portugal as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
DBRS	A (high)	Positive	May 15 2026
S&P	A+	Positive	Feb 27 2026
S&P	A+	Stable	Aug 29 2025
S&P	A	Positive	Feb 28 2025
DBRS	A (high)	Stable	Jan 17 2025
DBRS	A	Positive	Jul 19 2024
S&P	A-	Positive	Mar 01 2024
S&P	BBB+	Positive	Sep 08 2023
DBRS	A	Stable	Jul 21 2023
S&P	BBB+	Stable	Sep 09 2022
DBRS	A (low)	Stable	Aug 26 2022
DBRS	BBB (high)	Positive	Feb 25 2022
S&P	BBB	Stable	Apr 24 2020
DBRS	BBB (high)	Stable	Oct 04 2019
S&P	BBB	Positive	Sep 13 2019
DBRS	BBB	Positive	Apr 05 2019
S&P	BBB	Stable	Mar 15 2019
S&P	BBB-	Positive	Sep 14 2018
DBRS	BBB	Stable	Apr 20 2018
S&P	BBB-	Stable	Sep 15 2017
S&P	BB+	Stable	Sep 18 2015
S&P	BB	Positive	Mar 20 2015
DBRS	BBB (low)	Stable	May 23 2014
S&P	BB	Stable	May 09 2014
S&P	BB	Negative	Jan 17 2014
S&P	BB	Negative Watch	Sep 18 2013
S&P	BB	Negative	Jul 05 2013
S&P	BB	Stable	Mar 06 2013
DBRS	BBB (low)	Under Review	Aug 22 2012
DBRS	BBB (low)	Under Review	May 22 2012
DBRS	BBB (low)	Negative	Jan 30 2012
S&P	BB	Negative	Jan 13 2012
S&P	BBB-	Negative Watch	Dec 05 2011
DBRS	BBB	Negative	Oct 19 2011
DBRS	BBB (high)	Negative	May 24 2011
S&P	BBB-	Negative	Mar 29 2011
S&P	BBB	Negative Watch	Mar 24 2011
S&P	A-	Negative Watch	Nov 30 2010
DBRS	A (low)	Negative	Nov 10 2010
S&P	A-	Negative	Apr 27 2010
S&P	A+	Negative	Dec 07 2009
S&P	A+	Stable	Jan 21 2009
S&P	AA-	Negative Watch	Jan 13 2009
S&P	AA-	Stable	Jun 27 2005
S&P	AA	Negative	Oct 29 2004
S&P	AA	Stable	Dec 15 1998
S&P	AA-	Positive	Oct 06 1997
S&P	AA-	Stable	May 26 1993
S&P	A+	Stable	Oct 25 1991
S&P	A	Stable	Oct 26 1989
S&P	A	Positive	Jun 26 1989
S&P	A	N/A	Oct 01 1988