S&P revises Portugal view to stable

S&P said it revised the outlook on Portugal to stable from positive. The agency also affirmed the BBB long-term unsolicited sovereign credit rating.

“We project that this year's general government deficit will widen to about 5% of GDP from last year's surplus position. Under this scenario, at end-2020, net general government debt would increase to just under 125% of GDP and then start to shrink again,” said S&P in a press release.

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