S&P maintains Portugal's credit rating at "A+"

LISBON, Feb. 28 (Xinhua) -- The credit rating agency S&P has kept Portugal's rating unchanged at "A+", citing the resilience of its economy and a reduction in public debt.

The positive outlook reflects the expectation that Portugal will continue to reduce net public debt, supported by sound fiscal management and robust economic growth, according to the agency's update released on Friday.

The agency expects the country's GDP to tick up to 2.2 percent in 2026.

A credit rating is an assessment assigned by rating agencies that significantly impacts the financing of countries and companies, as it measures credit risk. ■