2022 | 2021 | Name | Country | 2022 | 2021 | 2022 | 2021 |
|---|---|---|---|---|---|---|---|
| 1 | 1 | EDP | Portugal | $2,921M | $2,700M | AAA- | AA+ |
| 2 | 2 | Galp Energia | Portugal | $1,627M | $1,718M | AA | AA |
| 3 | 4 | Pingo Doce | Portugal | $894M | $719M | AA+ | AA- |
| 4 | 7 | Continente | Portugal | $789M | $523M | AA+ | AA- |
| 5 | 5 | Millennium BCP | Portugal | $776M | $670M | AAA | AAA- |
| 6 | 3 | Caixa Geral de Depositos | Portugal | $645M | $724M | AA+ | AA+ |
| 7 | 6 | Meo | Portugal | $590M | $570M | AAA- | AAA- |
| 8 | 9 | Nos | Portugal | $478M | $420M | AAA- | AA+ |
| 9 | 8 | Super Bock | Portugal | $478M | $457M | AA+ | AA |
| 10 | 10 | Sagres | Portugal | $349M | $331M | AAA | AA+ |
| 11 | 11 | Mota-Engil | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 12 | 13 | Banco BPI | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 13 | 15 | TAP | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 14 | 12 | Altice Empresas | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 15 | 19 | CTT | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 16 | 20 | Delta Cafés | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 17 | 16 | The Navigator Company | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 18 | 18 | Worten | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 19 | 17 | Ren | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 20 | 21 | Recheio | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 21 | 23 | Mimosa | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 22 | 22 | Banco Montepio | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 23 | null | Corticeira Amorim | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 24 | 14 | Pestana | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |
| 25 | 25 | Ara | Portugal | 🔒 | 🔒 | 🔒 | 🔒 |