As Jeroen Dijsselbloem’s turbulent reign over eurozone’s finance ministers’ meetings comes to an end, horse-trading for his succession between the bloc’s countries and political groups is about to heat up.

Portuguese debt led a rally in eurozone peripheral bonds after S&P Global Ratings raised the country’s credit rating to investment grade.

Portugal’s bonds rose the most since June after the country’s finance chief said that rating company DBRS has a positive assessment of the nation’s fiscal efforts, strengthening the government’s conviction that it will keep its investment-grade rating.