Panama: Selected Issues Paper

October 15, 2010

Preview Citation

Format: Chicago

Panama: Selected Issues Paper, (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

This paper presents empirical evidence on the effects of achieving investment grade on borrowing costs for the sovereign and the private sector. This study provides background information on sovereign credit ratings and compares Panama’s key macroeconomic and institutional characteristics with those of other emerging markets. Statistical evidence on the reduction in sovereign spreads associated with obtaining investment grade status and the impact of the sovereign’s upgrade on corporate financing costs were also discussed. The model is estimated using a variety of panel regression techniques.

Subject: Credit, Credit ratings, Domestic credit, Emerging and frontier financial markets, Financial markets, Money, Public debt

Keywords: Country rating, CR, Credit, Credit availability, Credit growth, Credit rating status, Credit ratings, Credit supply, Debt spread, Domestic credit, Emerging and frontier financial markets, Financing cost, Global, Growth in Panama, ISCR, Rating agency

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/315
Stock No:

1PANEA2010002
ISBN:

9781455208647
ISSN:

1934-7685

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