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Thursday 11 September 2008, San José, Costa Rica 
Nicaragua Wishes To Improve Ties With Colombia
 A2 Rating For Panama Canal
 Two Russian Bombers Land In Venezuela For Training
 Chavez Accuses U.S. Of Restarting Plans To Kill Him
 Bolivia's Tax Disputes Leads To Blocking Of Gas Wells, Highways
 
 A2 Rating For Panama Canal
PANAMA - The Panama Canal Authority (ACP) has received an investment grade rating of A2 from Moody’s Investors Services. This is the first such rating for the Canal.

The ACP says that the “A” rating classifies the ACP as “upper-medium grade and subject to low credit risk,” and reaffirms Panama’s growing presence in the global marketplace.

“This announcement is a matter of national pride for Panama, because it is the result of the business model we use to manage the Canal to ensure its efficiency, safety and profitability,” said ACP administrator and CEO Alberto Alemán Zubieta.

He added: “This also underscores the dynamic growth and development of Panama – its booming economy, combined with the ongoing historic Canal expansion project and the effective management of the Canal, all contributed to the high score the ACP received.”
 

 

 

 
 
 

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