S&P Raises Panama Outlook to Positive

S&P Raises Panama Outlook to Positive


S&P also hiked its outlook on Panama's BB rating to positive from stable. This reflects "the likelihood of an upgrade if recent improvements in fiscal performance endure, economic diversification continues to boost real GDP growth, and the planned expansion of the Panama Canal can be financed in a manner that does not unduly burden government finances, either directly or as a contingent liability," says S&P. It anticipates a further decline in net general government debt from the current 38% of

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