The Assistant Secretary of State for Finance, Mourinho Félix, has been strutting his stuff in the US and persuading CNBC television viewers that Portugal is doing well and the rating agencies are having an increasingly hard time justifying their 'junk' ratings for Portugal.
"I would say that the three credit rating agencies (who attribute a junk rating to Portugal) will find it increasingly difficult to explain how and why they maintained this rating for an extended period of time, when Portugal in 2017 is very different to Portugal in 2014," said Mourinho Félix.