Fitch in no 'rush' to make call on Panama's investment grade rating

299 Queen Street West and the golden era of MuchMusic | SaltWireLONDON - Panama's investment grade credit rating is safe for now, Fitch's top analyst on the country has told Reuters, despite a bitter row over a lucrative but controversial copper mining contract approved by the government last month.

The mine is the country's second-largest revenue source after the Panama Canal and supports more than 49,000 jobs, analysts estimate, so any hold-up in its revenue stream could mean further deterioration of the government's finances. The score was put on a"negative outlook" - effectively a downgrade warning - only back in September and major agencies like Fitch often give themselves between one and two years to make their next move.

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