United Kingdom,London--Portugal's "high institutional strength... including the predictability and effectiveness of economic policymaking" supports its credit ratings, Moody's Investors Service Inc. said Monday.
Moody's also said that Portugal's continued ability to tap financial markets for funding supports the rating.
Moody's analysis comes after Portugal's minority government Friday presented its key 2011 austerity budget to parliament amid uncertainty as to whether it will be approved.
Moody's rates Portugal A1 with a stable outlook.
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