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LISBON Dante Fowler Jr Jaguars Jersey , Sept. 18 (Xinhua) -- Ratings agency Standard & Poor's raised Portugal's credit rating on Friday to BB+, a level before investment grade.
"Portugal's economic recovery and budgetary consolidation continue in line with our expectations, putting net government debt to gross domestic product on a declining path after 15 consecutive years of increases," the statement read.
Portugal had been rated BB since 2012, a year after the country had to seek a 78-billion-euro bailout from international lenders when it was on the verge of bankruptcy.
"The upgrade reflects our view of Portugal's steady economic recovery Dawuane Smoot Jaguars Jersey , supported by gradually improving labor market conditions," the statement read.
The New York based agency on Friday also gave the country a stable outlook and said it expected "broad policy continuity" regardless of who wins in the general elections on Oct. 4.
The center-right ruling coalition is running almost neck and neck with the center-left Socialist Party according to recent polls.
The agency also noted that Portugal's rating could be downgraded if the government "deviates from economic policy."
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SINGAPORE Telvin Smith Jaguars Jersey , Sept. 13 (Xinhua) -- Singaporean former Parliament Speaker Halimah Yacob was announced here Wednesday as the country's eighth president and the first female president.
As the only qualified candidate in the election who is reserved for the country's Malay community, she was declared by the presidential electoral board as the new president shortly after she handed in her nomination forms and would be officially sworn in at the presidential palace Istana Thursday evening.
"Although this is a reserved election, I am not a reserved president," she told supporters after her victory, adding that she will work with and represent everyone.
The 63-year-old president-elect made the remarks at the People's Association Headquarters where the nomination for the head of the country took place.
Halimah Yacob became the country's first female Parliament Speaker in January 2013 Blake Bortles Jaguars Jersey , a post she quitted last month in order to run for the president.
Singaporean former President Tony Tan Keng Yam ended his six-year term in office at the end of August, and starting from September, Council of Presidential Advisers chairman J. Y. Pillay has served as acting president until the new president is elected.
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