S&P confirms Panama's BB+ debt rating

Standard & Poor's, the debt rating agency, has confirmed that Panama's long-term debt will remain at BB+. The government then announced the reopening of two global bonds due to mature in 2015 and 2029.

Friday, June 6, 2008

The rating agency said in a news release that the outlook for the debt is stable. Panama said Wednesday that it will issue 477.743 million dollars in the re-opening of a global bond with a 2029 maturity, as part of its strategy of repurchasing shorter-term debt with higher yield.

More on this topic

Guatemala's Sovereign Risk Rating Revised

July 2013

"Weak public institutions in Guatemala and a polarized political environment continue to limit its credit quality" - Standard & Poor's

An article in elperiodico.com.gt reports that "The three most important credit rating agencies internationally: Moody's, Standard & Poors and Fitch Ratings, have pointed to deficient management in Guatemala's social indicators."

Low Risk Premium of Guatemala’s Sovereign Debt

November 2011

The Credit Default Swaps (CDS) for Guatemalan bonds is only 1%, confirming the perception of investors that the chance of a default is very remote.

History seems to be repeating itself, but in reverse. While developed countries, especially those in Europe, are struggling to find a solution to the debt crisis, Latin American countries are enjoying relatively stable conditions, especially in the sphere of international finance.

Panama's Sovereign Rating Outlook Revised To Positive

July 2011

Standard & Poor's today affirmed its 'BBB-/A-3' long- and short-term sovereign credit ratings on the Republic of Panama and revised the outlook to positive from stable.

•Panama's GDP growth continues to perform better than expected and we think it will likely remain strong over the medium term.•Although the government faces challenges in implementing large infrastructure projects, the country's debt burden has continued to decline.

Fitch has affirmed Guatemala's IDRs at BB+

July 2009

Fitch Ratings has affirmed Guatemala's local and foreign currency Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlooks on both ratings are Stable.

Guatemala's track record of macroeconomic stability, low public and external debt burdens, as well as the government's solid commercial debt repayment history continue to support the sovereign's ratings.

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