Panama Gets Second Investment Grade

Panama Gets Second Investment Grade

Panama

Two months after getting the nod from Fitch, Panama has achieved its second investment grade rating, this time from S&P. The agency raised the sovereign to BBB minus (stable) from BB+, saying that its debt is now in line with the median for sovereigns in the BBB category. "Continued economic growth – combined with moderate fiscal deficits – should reduce the government's debt burden and maintain its financial profile comfortably in line with that of other sovereigns in the BBB rating categor

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