Why Not Panama » Investment-Grade http://www.whynotpanama.com Sun, 25 Jul 2010 21:54:58 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Fitch: Panama’s debt now investment-grade http://www.whynotpanama.com/panamas-debt-now-investment-grade.html http://www.whynotpanama.com/panamas-debt-now-investment-grade.html#comments Tue, 02 Mar 2010 19:36:06 +0000 admin http:/?p=1 Yet Another Related Posts Plugin.]]> Fitch Ratings reports that  Panama’s debt is now investment-grade

Panama has earned an investment-grade credit rating from Fitch Ratings for the first time.

Fitch is raising Panama by one notch to “BBB-minus.”

Fitch said Tuesday that this reflects a sustained improvement in public finances in the Central American nation.

It also cited recent tax reforms and the country’s economic resilience amid the global financial crisis.

The upgrade is a victory for conservative President Ricardo Martinelli, who has pushed two tax reforms through Congress since taking office last year.

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