It is a sound business practice to always check a country’s credit rating before deciding to invest in. This is one of the important factors to take a look at before you set up a company in Portugal. Recently, the credit rating for Portugal has been quite good. It is important to take note of the credit rating of Portugal because it would help you assess the level of risk that you need to take when you invest.
There are a lot of entities that give sovereign credit ratings that are the credit ratings given to countries and that reflect their political and economic environment. A lot of companies treat these credit ratings as something very significant before deciding to engage in company formation in Portugal. The top three entities that give sovereign credit ratings are: Moody’s, Standard & Poor’s and Fitch. They have given their credit rating for Portugal.
They play an important role in the world market. This company has numerous experts and methods at its disposal in order to determine the transparence and integration of the financial market. For Portugal, Moody’s has given a credit rating of Ba1. This means that Portugal has a stable economy and it is not very vulnerable as compared to those with lower credit ratings.
This company has been engaged in business for 150 years and has made it that far because of the quality of service it provides to its clients and the amount of effort, expertise, and accuracy it puts in its ratings. For Portugal, Standard & Poor’s gave a credit rating of BB+, from a previous rating of BB. For businessmen who plan to open a company in Portugal, this means that they can expect a stable economy and economic growth to look forward to in the years to come.
It is one of the few rating companies that has been acknowledged by the United States Securities and Exchange Commission, the entity that has supervision and control over all corporations in the country. It has conducted market research and other financial studies that are very valuable to an investor. Fitch Ratings gave a credit rating for Portugal of BB+.
This means that, despite a few risks, Portugal’s economy is relatively stable with a high chance of improving in the coming years.
For more inquiries about company formation in Portugal, our team of company formation specialists in Portugal are more than willing to cater to your needs.