Fitch affirms Panama

Fitch Ratings said it affirmed Panama's foreign currency and local currency issuer default ratings at BBB.

The agency said it also affirmed the foreign currency short-term issuer default rating at F3 and the country ceiling at A.

The outlook remains stable.

Fitch said Panama's BBB ratings are supported by the country's strong economic performance, which has resulted in the convergence of its per capita income with the BBB median.

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