Usagevpn.com – Portugal’s sovereign credit profile has climbed back to the upper tier of investment-grade territory, as ratings agency Fitch moved the country’s long-term foreign-currency rating from “A” to “A+” on Friday, attaching a “stable outlook” to the new classification. The upgrade marks the first time since March 2011 that Portugal has held an A+ designation, a milestone that the finance ministry and the presidency have both welcomed as validation of years of fiscal discipline.

Fitch’s decision rests on what the agency describes as a marked strengthening of Portugal’s public finances. Central to the rationale is a projected trajectory of declining public debt alongside budget balances that the agency judges “considerably stronger than those of comparable countries.” Underpinning both elements, Fitch points to a “strong political commitment to fiscal prudence” that it says has become embedded across successive governments.…