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Panama debt could take toll on investment grade

Thursday, December 11, 2014


 

Panama's public debt management during the previous 2009-2014 Ricardo Martinelli administration could cause the country to lose its current investment grade, according to University of Panama professor Adolfo Quintero.

During Martinelli's administration, Panama's public debt grew 48.6 percent, from $8.9 billion to $13.2 billion.

The debt of Panama's social security institution CSS could also have an effect on the country's investment grade, said Felipe Argote, president of the economic commission of the association of company executives.

Full story (in Spanish)