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Latin America Investment News on Viva Tropical

S & P Maintains Panama’s Investment Grade

Article Summary:

The risk rating agency has reaffirmed the country’s long term rating, keeping it at BBB with a stable outlook.

Photo Credit: My Travel Money

Original Article Text From Reuters:

S&P affirms Panama BBB Sovereign Credit Rating

Standard & Poor’s on Friday affirmed its BBB long-term sovereign foreign currency credit rating on Panama citing strong economic growth prospects.

“The outlook on the long-term rating remains stable, reflecting our expectation that the government will keep implementing its investment plans and sustain good economic growth rates,” S&P said in a statement.

S&P said the increased economic diversification and stable macroeconomic environment balances against what is a small, open economy “that is vulnerable to swings in global economic conditions; underdeveloped but growing domestic capital market; and developing political institutions.”

Economic growth is seen growing by 7.5 percent in 2013 and about 6 percent to 7 percent, on average, until 2016.

Link to Original Article:

From Reuters

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