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Fitch maintains stable rating outlook for Panama

Wednesday, May 15, 2013

Fitch Ratings has affirmed Panama's long-term foreign and local currency Issuer Default Ratings at 'BBB' with a Stable Rating Outlook.

Fitch has also simultaneously affirmed Panama's Country Ceiling at 'A' and the Short-term foreign currency rating at 'F3'.

Panama's ratings are supported by strong economic growth outperformance that has facilitated the convergence of its per capita income to levels comparable with rated peers.

Source: Reuters