As expected, Standard and Poor's rating agency upgraded Panama credit rating in line with Moody which did so last month. This gives Panama better availability to financing and at better rates. And borrow she will!
The holding now is more realistic and Analysts Given Panama as a Fact That will soon showcase the world to the investment grade category by the three most Recognized rating agencies.
Standard & Poor's (S & P), which yesterday gave Panama the rating of BBB-, took into account to raise the note Panamanian continued economic growth of the economy, which in combination with a moderate fiscal deficit should reduce the debt burden Government and maintain its financial profile in line with that of other sovereigns who are in the "BBB". Standard & Poor's (S & P), Which yesterday gave Panama the rating of BBB-, took Into account to raise the note Panamanian Continued Economic Growth of the economy, Which in combination with a moderate fiscal deficit should reduce the Debt burden Government and Maintain Financial STI profile in line with That of Other sovereigns Who are in the "BBB".
Progress in the construction of the third set of locks, an ambitious public investment plan for infrastructure, the benefits it brings to the country as a regional hub for trade, finance and transport, the possibility of increased economic resilience and diversification, according to the rating. Progress in the construction of the third September of locks, an Ambitious Public Investment Plan for Infrastructure, the Benefits it Brings to the country as a regional hub for trade, finance and transport, The Possibility of resilience and Economic Diversification increaser, According To the rating .
It is expected that the deficit, which averaged less than 2% of gross domestic product (GDP) in the previous administration, closing 1.4% for 2010 and hover around 1.2% between 2011 and 2015. It is Expected That the deficit, Which averages less Than 2% of gross domestic product (GDP) in the previous administration, closing 1.4% for 2010 and hover around 1.2% Between 2011 and 2015.
In turn, public debt, which improved to 26.7% of GDP in 2009 from 40% in 2004, until it gradually goes down by 20% in five years, down 36%, median of the countries qualified "BBB". In turn, public Debt, Which Improved to 26.7% of GDP in 2009 from 40% in 2004, Until Gradually it goes down by 20% in five years, down 36%, median of the country clubs qualified "BBB."
To the financier Álvaro Naranjo, the fact that S & P will have risen more in Panama is a positive sign in the midst of an environment in which these agencies are reviewing sovereign and corporate ratings down. Alvaro Naranjo to the financier, the S & P Fact That Will Have Risen more in Panama is a positive sign in the Midst of an environment in Which These agencies are Reviewing Sovereign and corporate ratings down.
For its part, the financial advisor Joaquin De La Guardia said the numbers of Panama have significantly improved in recent years as a result of economic growth, which has diminished the relative weight of debt. For ITS part, the financial advisor Joaquin De La Guardia said the numbers of Panama Have Significantly Improved in Recent years as a result of Economic Growth, Which has Diminished the relative weight of Debt.
One of the main benefits that will accrue to the country as investment grade is the reduction in borrowing costs for both the State and for businesses. One of the main Benefits That Will accrued to the country as investment grade is the Reduction in borrowing costs for Both the State and for Business. A better credit rating, the lower the cost of funding. A Better credit rating, the lower the cost of Funding. This note is a parameter measuring a debtor's financial ability and willingness to pay its liabilities. This note is a parameter Measuring a debtor's Financial Ability Willingness to pay STIs and Liabilities.
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