Portugal received the highest A+ rating from Standard & Poor’s. The country has been lauded for its resilience even amid a budget deficit this year.

The Agency forecasts GDP growth of 1.7% and is confident about the future. The energy crisis due to the problems in the Strait of Hormuz will hit weakly: local tourists spend money, and capital from the Next Generation EU program continues to invest.

Government debt will fall to 75% of GDP by 2029. Emergency support measures after the storm “Christina” and energy spending will go to zero after this year. The country's finances are under control.