"The most tangible short-term risk is a potential delay in the implementation of Portugal's Recovery and Resilience Plan, especially if government formation drags on over time or if the next government is short-lived and triggers snap elections relatively early," states DBRS.
In the comment (which does not constitute a 'rating' action), DBRS is convinced that the future government will not be disruptive in the conduct of budgetary policy.
"We see limited risks to Portugal's public debt reduction efforts in the coming years, regardless of which party leads the next government", the analysis reads.
DBRS therefore does not expect "that the next government will deviate from a decade-long commitment to prudent budgetary policy and debt reduction".
The agency considers that none of the parties will achieve an absolute majority in parliament, but "Chega's rise in opinion polls could give it the opportunity to join a right-wing coalition".
DBRS confirmed, in January, Portugal's 'A' rating, whilst still maintaining a 'stable' outlook.
The 'rating' is an assessment given by financial rating agencies, with a great impact on the financing of countries and companies, as it assesses credit risk.