La agencia calificadora elevó la calificación crediticia de Panamá de Estable a Positiva.

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Fitch Ratings has taken the following rating actions on the Issuer Default Ratings (IDRs) and Country Ceiling for Panama:
 
--Foreign currency IDR upgraded to 'BBB' from 'BBB-';
--Local currency IDR upgraded to 'BBB' from 'BBB-';
--Foreign currency short-term IDR affirmed at 'F3';
--Country ceiling upgraded to 'A' from 'A-'.

The rating agency who does little more than a year was the first of the three major agencies in giving the country an investment grade, raised the credit rating of Panama to Stable from Positive.

The ratings basically measure a country's ability to cope with debt repayment, with the 'AAA' best possible score.

Fitch bases its decision on the evolution of the economy, projected growth of 7% for 2011 and 2012 - and the positive dynamics of public debt, which at the end of 2010 represented 43% of gross domestic product (GDP).

Last June, Moody's Investors Service became the last of the three major U.S. ratings agencies to lift Panama into investment grade territory as it cited a significant improvement in the country's fiscal and debt positions.