Panama Inches Towards S&P High Grade

Panama Inches Towards S&P High Grade

Panama

S&P has revised the outlook on Panama’s BB+ rating to positive from stable following fiscal reform and resilience to global crisis. "The positive outlook reflects Panama's solid growth prospects as well as an improving fiscal outlook that could strengthen the sovereign's credit profile sufficiently to merit an investment-grade rating," says S&P analyst Roberto Sifon Arevalo. Tax reform is expected to boost revenues by about 0.75% of GDP and S&P notes commitment to improve revenue gen

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