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Country Risk Climate: Moody’s Upgrades Panama

Moody’s Investors Service upgraded the government of Panama’s bond rating to Baa2 from Baa3, citing better debt metrics and the country’s growth prospects. The outlook was also revised to stable from positive. The upgrade reflects “Panama’s ongoing economic dynamism and positive medium-term growth prospects” as well as continued debt metric improvement, according to Moody’s. “The positive outlook is based on ... Read More »

Country Risk Climate: Moody’s Upgrades Panama Outlook to Positive

Moody’s upgraded Panama’s outlook to positive from stable. Perhaps more significant was the agency’s statements lauding Panama’s economic evolution, centered largely on the $5.25 billion Panama Canal expansion project. Said Moody’s, “the Panamanian economy has continued to show remarkable and enduring dynamism, and is well positioned to grow at rates above its potential thanks to the expansion of the Panama ... Read More »