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Panama credit-rating outlook raised to positive at Moody's. Economic growth prospects and government's ‘solid balance sheet’

Friday, August 5, 2011

\ Moody's Investors Service raised the outlook on Panama's Baa3 sovereign rating to positive from stable, citing economic growth prospects and the government's 'solid balance sheet.'\ \ An upgrade is likely should the government successfully carry out its investment plans to support expansion without running larger-than-expected fiscal deficits, Moody's said in a statement.\ \ Moody's last lifted the Central American nation's foreign-currency bond ratings from Ba1 on June 9, 2010, taking the ranking to the lowest investment grade.\ \ Original source: Bloomberg\ \ \ \