Panama's Credit Rating Downgraded by S P Global Ratings Amid Rising Debt Concerns

On November 27, 2024, S&P Global Ratings downgraded Panama's credit score from BBB to BBB-, raising concerns over the country's financial stability. The agency cited increasing government debt levels exacerbated by sluggish revenue growth as the primary reasons for the downgrade. The outlook remains stable, but this decision brings Panama closer to losing its investment-grade status.