Panama on Upgrade Review

Panama on Upgrade Review

Panama

Moody’s has placed Panama’s Ba1 foreign currency government bond rating on review for possible upgrade, taking it closer to reaching investment grade, in response to the country’s significantly improved fiscal and debt positions over the past several years and of a structural upward shift in economic growth. Together with the Panama Canal expansion, intentions to undertake an ambitious infrastructure development program are likely to sustain growth rates in the next few years, says Moody’s. The

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