Panama Makes Investment Grade

Panama Makes Investment Grade

Panama

Fitch has upgraded Panama’s rating to BBB minus from BB+, placing it among the region’s growing number of investment grade credits. Fitch cites improved public finances and the economy’s resilience to the global financial crisis. “On all indicators – human development index, GDP per capita, average growth of GDP, foreign direct investment – we are comparable to credits that are investment grade credits,” Mahesh Khemlani, Panama’s director of public credit, tells LatinFinance. He also points to a

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