S&P upgrades Panama

S&P upgrades Panama

Corporate & Sovereign Strategy Economy & Policy Debt Politics Regulation Panama

S&P Global said it has upgraded Panama's credit ratings to BBB+ from BBB after "many years of rapid GDP growth." S&P gave the new ratings a stable outlook, saying it expects the next administration to stick with current economic policies after the general elections on May 5. It also affirmed Panama's short-term ratings at A-2.  "Following the change in administration in mid-2019, we expect continuity in key policies that have sustained investment and GDP growth for the last two decades

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