S&P upgrades Panama banking outlook

Standard and Poor’s Global Ratings has given a thumbs-up to Panama’s banking industry, upgrading its risk outlook to stable.

The prospects for solid growth in the Panamanian economy have a positive effect  in the banking system, as well as in its operating results S&P reported. The decision is based on strengthening the regulatory framework and is based on the introduction of Basel III capital adequacy standards, liquidity (to be adopted) and standards for the prevention of money laundering.

Source: Newsroom Panama