waltermasoni
Caribbean Trader
Panama Long-Term Rating Raised To 'BBB+' On Consistently Strong Economic Growth And Stable Fiscal Policy; Outlook Stable
- 29-Apr-2019 18:29 EDT
- Table of Contents
- Many years of rapid GDP growth, above the pace of its rating peers, and economic diversification have boosted per capita income and helped strengthen the resilience of Panama's small, open economy.
- We are raising our long-term sovereign credit ratings on Panama to 'BBB+' from 'BBB', and affirming our 'A-2' short-term sovereign credit ratings.
- The outlook on the long-term ratings is stable, based on our expectation of continuity in key economic policies after upcoming national elections, along with continued strong GDP growth, and stable public finances and external liquidity.