DBRS Morningstar Upgrades the Republic of Portugal to A (low), Trend Changed to Stable

DBRS Ratings GmbH (DBRS Morningstar) upgraded the Republic of Portugal’s Long-Term Foreign and Local Currency – Issuer Ratings from BBB (high) to A (low) and changed the trend from Positive to Stable. At the same time, DBRS Morningstar confirmed Portugal’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low) with Stable trends.