Panama Canal Gets Pre-emptive Rating

Panama Canal Gets Pre-emptive Rating

Panama

Moody’s has assigned a prospective rating of A2 to the approximately $2bn in senior debt expected to be issued by the Panama Canal Authority (PCA) to fund its expansion program. The rating for the wholly-owned unit of the Ba1 rated government of Panama is supported by the canal’s position as a unique infrastructure asset that is competitive and unlikely to be replicated, says Moody’s, which also lauds an exceptionally strong operating position. The $5.25bn 5-year construction will be executed th

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