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Portugal “satisfied” with Standard & Poor’s decision to maintain country’s rubbish rating

Well-versed at seeing a glass ‘half full’, the Portuguese government has pronounced itself “satisfied” with Standard & Poor’s decision to maintain its BB+ (“rubbish”) rating on Portugal’s level of public debt. Said the finance ministry in a statement, the rating has shown an increase in S&P’s level of confidence in Portugal’s budgetary consolidation as the agency classifies the country’s perspectives as “stable”.