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Panama Gets Second Investment Grade

May 26, 2010

Two months after getting the nod from Fitch, Panama has achieved its second investment grade rating, this time from S&P. The agency raised the sovereign to BBB minus (stable) from BB+, saying that its debt is now in line with the median for...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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