Moody’s changes Panama view to positive

Moody's Investors Service said it affirmed the Government of Panama's issuer rating and senior unsecured bonds at Baa2 and senior unsecured shelf at provisional Baa2 and changed the outlook to positive from stable.

Moody’s said two key drivers underpin the positive outlook: (a) the agency’s expectation that the debt trend will improve over the coming years supported by fiscal consolidation and compliance with the fiscal rule; and (b) Panama's GDP growth rate continues to outperform peers, supporting its economic strength.

Panama's long-term and short-term foreign currency bond ceiling and the foreign currency bank deposit ceiling are unchanged at A3/P-1.

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