S&P affirms Panama at BBB

Standard & Poor’s said it affirmed its BBB/A-2 long- and short-term sovereign credit ratings on the Republic of Panama. The outlook on the long-term rating remains stable.

In addition, S&P affirmed the AAA transfer and convertibility assessment.

The ratings on the Republic of Panama reflect the country’s strong economic growth, increasing economic diversification, and moderate net general government debt burden. The ratings also take into account the sovereign’s vulnerability to sharp swings in global economic conditions, an underdeveloped but growing domestic capital market, and developing political institutions.

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