Global

Panama: Slow-motion de-rating... For how long?

  • Ratings actions lag relative to deterioration in fundamentals

  • We think risks are skewed to the downside and reaffirm UW recommendation

  • Renewed breaches of deficit ceiling could be the trigger for downgrades

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César Alexander Petit @ BancTrust & Co.
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Ramiro Blazquez @ BancTrust & Co.
October 31st, 2022
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