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

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

LONDON - 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 controversialConcerns about Panama's finances have intensified this week after protests spurred President Laurentino Cortizo to call for a binding public referendum on a $375 million-a-year deal with a Canadian firm to run its giant Cobre Panama mine.

"We are not necessarily in a rush," Fitch's primary Panama analyst Carlos Morales said when asked whether the fresh uncertainty around the mine could impact the country's BBB- rating.

 

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