Fitch Rates Panama's USD750MM 2053 Global Bond 'BBB'

NEW YORK--()--Fitch Ratings has assigned a 'BBB' rating to Panama's USD750 million Global Bond due April 2053. The Global bond has a coupon rate of 4.30%.

KEY RATING DRIVERS

The rating is in line with Panama's Long-term foreign currency Issuer Default Rating (IDR), which has a Stable Outlook.

RATING SENSITIVITIES

The rating would be sensitive to any changes in Panama's Long-term foreign currency IDR. Fitch affirmed Panama's ratings on May 31, 2012 at 'BBB'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related

-- Sovereign Rating Methodology (Aug. 13, 2012)

Applicable Criteria and Related Research

Sovereign Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685737

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=789216

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Contacts

Fitch Ratings
Primary Analyst
Lucila Broide, +1-212-908-0898
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Shelly Shetty, +1-212-908-0324
Senior Director
or
Committee Chairperson
Tony Stringer, +44 20 3530 1219
Managing Director
or
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Lucila Broide, +1-212-908-0898
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Shelly Shetty, +1-212-908-0324
Senior Director
or
Committee Chairperson
Tony Stringer, +44 20 3530 1219
Managing Director
or
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com