Fitch to review Portugal’s credit rating in April

19 February 2014

Portugal’s credit rating is due to be reviewed on 11 April, the president of the Fitch Group, Paul Taylor said Tuesday in Cascais, adding that it was too soon to speculate about a higher rating.

“It is still too soon to talk about a higher rating,” said Taylor despite noting that Portugal was on the right path.

The president of the Fitch Group, who was speaking at the Lisbon Summit, organised by the Economist magazine, on Tuesday and Wednesday on the outskirts of Lisbon, called for Portugal to opt for a “cautionary” programme when the current financial bailout package ends in May.

Fitch Ratings is a 50/50 subsidiary of the Hearst Corporation and France’s Fimalac group. (macauhub)