The risk rating agency Standard and Poor’s (S&P) confirmed the investment grade of the Republic of Panama at BBB with a stable outlook, based on the solid growth prospects of the panamanian economy, among other factors, said yesterday the Ministry of Economy and Finance (MEF), through a press release.
'Our forecast is that the economy could continue to grow around 6% in the following two years’, noted the agency in its final report.
ABILITY TO PAY
The risk rating agencies assess the payment capacity of the country.
6% growth forecast, according to estimates of rating agency Standard and Poor’s, will have Panama for the next few years.
2012 year in which Panama achieved for the first time, the rating BBB, with stable outlook, and which it has maintained to the date.
The start of operations of the expanded Canal and the production of the copper and gold mine in the medium-term are some of the elements taken into account in the analysis of the rating agency.
The forecast also considers infrastructure works relevant to the country, such as the expansion of the Tocumen International Airport and the construction of Line 2 of the Panama Metro, in combination with the low fuel prices and the growth of the u.s. economy.
Panama has been in place since 2012, the rating of BBB with a stable outlook from Standard and Poor s.
During these years, the panamanian economy has maintained a dynamic growth, is five times greater than the average of Latin America, with a moderate tax burden.
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