S&P shifts Panama outlook to stable

S&P said it changed its outlook for Panama to stable from negative and affirmed its BBB long-term foreign-currency rating.

“The stable outlook reflects our expectation that stable economic management will persist over the next two years, underpinning favorable economic growth that will contain the government's debt burden and support fiscal consolidation efforts. We assume the next administration will maintain prudent fiscal management that will keep deficits low, notwithstanding the declining reserves of the social security fund,” the agency said in a press release.

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