Meanwhile France outlook to stable from negative by S&P
There was a concern coming into the DBRS rating that they could have lowered Portugal to junk status which would have been problematic for the ECB in their bond buying program.
The unchanged rating was largely expected as Portugal announced today that they were going to auction new bonds. They likely would not have done that if their rating were to have been downgraded. The country is given the rating 24 hours in advance.
As for France, good news for them, although their rating stays at AA with the rating agency (so no big deal)
