S&P Holds Portugal at A+ With a Positive Outlook, and Cuts Its 2026 Growth Call to 1.7 Percent
The rating and the outlook both survive an energy shock and a storm bill worth 1 percent of GDP. Growth is cut from 2.2 to 1.7 percent, the surplus becomes a 0.2 percent deficit, and the agency says a rejected 2027 budget would simply roll the 2026 framework forward.