Fitch Rates Panama's 2030 USD Bonds and 2060 USD Bonds 'BBB'
- Fitch Ratings has assigned a 'BBB' rating to Panama's USD1.25 billion bonds maturing 2030 and to the USD750 million bonds maturing 2060.
- The bonds maturing 2030 carry a coupon of 3.16%. The bonds maturing 2060 carry a coupon of 3.87%. Proceeds from the issuance will be used for general budgetary purposes.
- The bond ratings are in line with Panama's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB'.
- The bonds are sensitive to any change in Panama's Long-Term Foreign-Currency IDR. Fitch affirmed Panama's Long-Term Foreign-Currency IDR at 'BBB'/Stable Outlook on Feb. 13, 2019.