Maartje Wijffelaars

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Last quote by Maartje Wijffelaars

S&P could upgrade Portugal tomorrow based on the fact that economic growth is set to exceed their growth forecast of 1.6 percent for 2017 by 0.5 percent to 1.0 percent. That said, while it's difficult to predict what in the end effectively drives rating agencies' actions, my guess would be that they will upgrade the rating to positive, but not yet to investor grade. All the other factors S&P worried about in March have not faded: the banking sector is still very weak and susceptible to shocks and public and private (external) debt remain very large.feedback
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Sep 15 2017 Portugal
Maartje Wijffelaars has most recently been quoted in an article called Why as an investor, one should care about Portugal’s credit rating. Maartje Wijffelaars said, “S&P could upgrade Portugal tomorrow based on the fact that economic growth is set to exceed their growth forecast of 1.6 percent for 2017 by 0.5 percent to 1.0 percent. That said, while it's difficult to predict what in the end effectively drives rating agencies' actions, my guess would be that they will upgrade the rating to positive, but not yet to investor grade. All the other factors S&P worried about in March have not faded: the banking sector is still very weak and susceptible to shocks and public and private (external) debt remain very large.”.
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