In the wake of Panama’s upgrade to investment grade, experts are already calling to maintain the efforts that led to such achievement.
Fitch’s recent upgrade of Panama’s debt to BBB- is likely to be mirrored by other big rating companies, confirming Panama’s entrance into the club of investment-grade countries.
The country is now fertile land for investments, lead by the widening of the Panama Canal, and now the investment grade will help lower the cost of credit for many projects, specially infrastructure.
S&P revised its outlook from positive to stable, but it maintained its country risk rating for foreign currency at BB/B.
"The revision from positive to stable reflects the slowdown of record growth, both for tax collection as well as for the growth of the GDP during the last two years," explained Roberto Sifon Arevalo, S&P analyst.