Portugal: DBRS reviews credit rating this week – BBH

Research Team at BBH, suggests that at the end of the week, DBRS will update its assessment of Portugal's sovereign credit rating. 

Key Quotes

“The ECB recognizes four rating agencies and provided that at least one rates a country as investment grade, the country's bonds will be including in the asset purchase program.  A country's rating also determines the haircut given to the government bonds used by banks to secure funding from the ECB.  A loss of investment grade status would make the country's bonds no longer acceptable as collateral (without a waiver).”

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