--Longer-term govt stability concerns persist
PARIS (MNI) - Portugal faces yet another ratings decision that could
potentially exclude it from the European Central Bank's bond buying programme,
but investors and analysts expect the country to squeak through.
DBRS, the Toronto-based ratings company, will decide Friday whether to
affirm its investment-grade assessment on Portugal or cut it to junk, as the
other major ratings companies have done. Such a move would exclude Portugal from
the ECB's QE programme, which can buy only investment-grade paper.
"The market is pretty sanguine. DBRS has always been more positive than the
other agencies on Portugal and we look for that to continue," said Nick
Stamenkovic, a strategist at RIA Capital Markets.