Panama Rating: Panama Credit Rating

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Rating Moody's Panama
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-10-31Baa3 (Stable)
2022-10-25Baa2 (Negative)
2021-03-17Baa2 (Stable)
2020-10-20Baa1 (Negative)
2019-03-08Baa1 (Stable)
2017-09-29Baa2 (Positive)
2015-12-01Baa2 (Stable)
2012-10-31Baa2 (Stable)
2011-08-04(Positive)
2010-06-09Baa3 (Stable)
2010-02-12(Under Review)
2003-11-15(Stable)
1997-01-22Ba1
1985-11-11WR
1978-06-27Aa
1977-10-14WR2010-06-09Baa3
1958-06-30A2002-11-27NR
Moody's: Long term Rating
Rating S&P Panama
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-11-07BBB (Negative)
2023-08-11BBB (Stable)
2020-11-24BBB (Stable)
2020-04-24(Negative)2023-11-07BBB
2019-04-29BBB+ (Stable)2023-08-11BBB
2018-07-02(Positive)2020-11-24BBB
2012-07-02BBB (Stable)2019-04-29BBB+
2011-07-21(Positive)2012-07-02BBB2012-07-02A-22012-07-02A-2
2010-05-25BBB-2010-05-25BBB-2010-05-25A-32010-05-25A-3
S&P: Long term Rating
Rating Fitch Panama
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2021-02-03BBB- (Negative)2021-02-03BBB-2021-02-03F3
2020-02-06BBB2020-02-06BBB2020-02-06F2
2019-02-13BBB2019-02-13BBB2019-02-13F2
2018-02-16BBB (Stable)2018-02-16BBB2018-02-16F2
2017-02-16BBB (Stable)2017-02-16BBB2017-02-16F2
2016-07-22BBB (Stable)2016-07-22BBB2016-07-22F2
2016-02-19BBB (Stable)2016-02-19BBB2016-02-19F3
2015-02-19BBB2015-02-19BBB2015-02-19F3
2014-09-16BBB (Stable)2014-09-16BBB2014-09-16F3
2014-03-07BBB (Stable)2014-03-07BBB2014-03-07F3
2013-05-14BBB (Stable)2013-05-14BBB2013-05-14F3
2012-05-31BBB (Stable)2012-05-31BBB2012-05-31F3
2011-06-02BBB (Stable)2011-06-02BBB2011-06-02F3
2010-03-23BBB- (Positive)2010-03-23BBB-2010-03-23F3
2008-01-29BB+ (Positive)2008-01-29BB+2008-01-29B
2003-12-03BB+ (Stable)2003-12-03BB+2003-12-03B
2002-10-24BB+ (Negative)2002-10-24BB+2002-10-24B
2002-09-04BB+ (Negative)2002-09-04BB+2002-09-04B
2000-09-21BB+ (Stable)2000-09-21BB+2000-09-21B2021-02-03F3
2000-07-20BB+2000-07-20BB+2000-07-20B2020-02-06F2
2000-02-14BB+ (Positive)2000-02-14BB+2000-02-14B2019-02-13F2
1998-09-08BB+1998-09-08BB+1998-09-08B2018-02-16F2
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative
Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery
SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative
P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC