Ratings agency Fitch has upgraded Portugal's sovereign debt rating from "A" to "A+" with a "stable outlook," the company said in a notice published on its website.

The move keeps pace with a recent wave of confidence in the country from other ratings agencies and investors, according to Portugal's Agency for Investment and Foreign Trade (AICEP).

The Portuguese government says "all financial ratings agencies" now assign Portugal an "A" rating.

In August, Standard & Poor's (S&P) confirmed its unsolicited sovereign credit ratings for Portugal at "A+/A-1" for long- and short-term foreign and local currency debt, maintaining its positive outlook.

Morningstar DBRS confirmed the Republic of Portugal's rating at "A" (high), with a "stable outlook," in July 2025.