S&P shifts Panama view to negative

S&P said its outlook on Panama to negative from stable. At the same time, the agency affirmed the BBB+ sovereign credit rating.

“The negative outlook reflects the risk that the impact of the Covid-19 pandemic and global economic downturn could undermine Panama's trend GDP growth prospects, which are key to stabilizing the sovereign's long-term financial profile,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.