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eurozoneThe Canadian ratings agency, on which Portugal’s financial stability has depended when the other three top agencies classified the country’s bonds as ‘junk,’ has lifted its opinion to BBB, which - at the moment - is as good as it gets.
 
This new debt rating is the second level of 'quality investment,' with DBRS adding a ‘stable’ outlook, meaning that short-term changes are not likely.

montepioThe government is to "analyse" whether or not to instruct Santa Casa Misericórdia de Lisboa to abort its highly contentious investment in Montepio Bank (Caixa Económica Montepio Geral).
 
MPs have demanded that the Government use its powers to cancel the deal between the cash-rich charity and the struggling bank, claiming pressure has been put on the charity to release funds to help shore up the bank’s capital.
 

ClassiCarSteeringWheelThe Portuguese Antique Automobile Club is holding its Spring Tour this Sunday, April 22nd, with a hill climb and a parade of vehicles from the ’20 through to the ‘80s

Rolls Royce, Mercedes-Benz, Jaguar, BMW, Porsche and MG will be some of the marques being put through their paces after gathering at the Real Marina Hotel in Olhão at 09:00 for the start of the IVth Spring Tour.

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