S&Ps Positive Outlook for Panama Debt

Standard & Poor has improved Panama’s outlook from stable to positive, re-affirming its BBB risk rating based on factors such as “high and consistent economic growth and a stable fiscal policy”.

The rating granted by S & P  recognized ” … the progress made by Panama in recent years for the automatic exchange of tax information with 33 countries and changes in legal regulations to improve transparency in the financial system,” said a Ministry of Finance statement.

According to S & P, Panama’s rating reflects the record growth of Gross Domestic Product, the effective formulation of sovereign policies, its cautious fiscal and debt management as well as the Government’s actions to improve transparency and supervision in the financial system.