2020 | 2019 | Name | Country | 2020 | 2019 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| 1 | 1 | EDP | Portugal | $2,843M | $2,769M | AA+ | AA+ |
| 2 | 2 | Galp Energia | Portugal | $1,383M | $1,329M | AA- | A+ |
| 3 | 3 | Pingo Doce | Portugal | $777M | $917M | AA | AA |
| 4 | 6 | Millennium BCP | Portugal | $716M | $505M | AAA- | AA+ |
| 5 | 8 | Meo | Portugal | $646M | $400M | AA+ | AA+ |
| 6 | 4 | Caixa Geral de Depositos | Portugal | $627M | $758M | AA+ | AA+ |
| 7 | 5 | Continente | Portugal | $563M | $543M | AA- | AA |
| 8 | 7 | Nos | Portugal | $473M | $470M | AAA- | AA+ |
| 9 | 11 | PT Empresas | Portugal | $378M | $266M | A+ | A+ |
| 10 | 9 | TAP | Portugal | $302M | $293M | AAA- | AAA- |
| 11 | 10 | Super Bock | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 12 | 12 | Mota-Engil | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 13 | 14 | Sagres | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 14 | 16 | The Navigator Company | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 15 | 19 | CTT | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 16 | 22 | Worten | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 17 | 13 | Banco BPI | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 18 | 15 | Pestana | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 19 | 21 | Recheio | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 20 | 25 | Mimosa | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 21 | 18 | Brisa | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 22 | 23 | Delta Cafes | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 23 | 24 | Ren | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 24 | 17 | Banco Montepio | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 25 | 30 | Ara | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |