Panama Challenges Fitch Ratings’ Downgrade
Panama has expressed strong disagreement with Fitch Ratings’ decision to lower its credit rating from BBB to BB+. The Ministry states Fitch’s review overlooks Panama’s solid economy, overly focusing on a major mine’s closure and political matters. Despite this downgrade, Panama highlights its upbeat economy, noting a 7.3% growth in 2023, low inflation, declining unemployment, […]