I have always said that one of the most important considerations to choosing a country to move to is the underlying economy and its fiscal governance.  While most countries around the world are seeing their debt downgraded, Panama continues to improve its rating .  The rating agency Standard & Poor’s has upgraded the Republic of Panama’s credit rating in the medium and long term, from BBB- to BBB with a stable outlook.

A statement from the Ministry of Economy and Finance reads:
Standard & Poor’s upgrades Panama’s credit rating

We expect GDP growth to remain strong in the short term, driven by high and diversified investment in the country. ”

The rating agency Standard & Poor’s today upgraded the credit rating for debt in the medium and long term of the Republic of Panama, from BBB-to BBB with a stable outlook.

This positive effect on Panama’s risk rating has been presented after the annual visit to the country during the month of May, where the information necessary needed to determine the country’s ability to cope with its debt covenants was collected from the hand of government representatives, private business and opposition parties.

“The stable outlook supports our view that Panama’s growth projections and fiscal flexibility are strong to meet any challenges that might emerge in the transition to a less optimistic economic environment.”