Fitch changes Portugal view

Fitch Ratings said it affirmed Portugal's long-term foreign-currency issuer default rating at BBB.

The outlook was revised to positive from stable.

Fitch said it the outlook is based on an expectation that the recent track record of falling public debt/GDP will be maintained.

The agency added that Portugal's ratings are supported by euro area membership and institutional strengths stronger than the majority of BBB rated peers.

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