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DBRS Morningstar Upgrades Madeira’s Rating

Last Friday, the 11th of October, rating agency DBRS Morningstar upgraded the Autonomous Region of Madeira (RAM) debt rating from BB to BB (high).

DBRS Morningstar added that the RAM rating remains sustained by the progressive financial stabilisation of recent years, the improvement of debt indicators, the financial control and support given by the Government of the Republic and the increasing budgetary transparency of its responsibilities.

Samantha Gannon

info at madeira-weekly.com

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