Portugal’s declining risks should return its complement of investment grades

Hat-trick: The smoke is clearing for Portugal to add to its Euros and Eurovision success

Country risk experts have become gradually more confident about Portugal’s investor prospects in recent years, despite the political risks tied to a minority Socialist Party government relying on hard left allies.

Its risk score has increased since exiting the bailout it received in 2011, with the return to international markets notably improving the capital access score.

It hasn’t been an easy ride, but Portugal is now in a much better place, with risk experts now encouraged by the economy recovering.