International qualifier Moody’s Investors Service confirmed Panama’s sovereign risk rating in Baa3, keeping it within the investment grade.
The @mefpma notes that although the outlook remains negative, it reflects the challenges facing the country in fiscal matters, but recognizes its economic resilience and commitment to macroeconomic stability.
In the report published on July 3, 2025, Moody’s highlights that the Panama economy maintains solid structural foundations, including: a record of high sustained economic growth, a services economy with strong investment, a favorable debt profile, no exposure to exchange risk, and stable outflow from the Panama Canal, which has shown signs of recovery from the adverse weather effects of 2024.
Despite the deterioration of some fiscal indicators in 2024, the political will to address structural challenges has been shown.
Moody’s also highlighted that GDP growth in the first quarter of 2025 was 5.2%, with a recovery from the Panama Canal, whose monthly revenues averaged $340 million through May, surpassing the average for 2024.
