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Positive about Portugal

Ratings agencies Fitch and Moody’s have commented on the positive way Portugal was overcoming its debt crisis.

Fitch thinks Portugal’s adjustment programme was “promising” while Moody’s says the country is on the right track and that there is room for optimism about the future.

Moody’s based its comments on the country’s performance in the first quarter of the year, stating that the evolution of its public accounts surpassed the troika’s (EC/ECB/IMF) orientations, which is “a good indicator that the next bailout tranche will be approved”.