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Tuesday, June 25 2019 @ 03:59 AM UTC

ACP Receives Credit Rating from Moody's

Canal Daily OperationMaritime Global Net - PANAMA CITY, Panama, September 10, 2008 – For the first time ever, the Panama Canal Authority (ACP) received an investment grade rating from one of the world’s top credit rating agencies. Moody’s Investors Services today issued the ACP an A2 credit rating. This “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/CEO Alberto Alemán Zubieta. “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,” Mr. Alemán Zubieta added. Moody’s Investors Services is one of the leading independent companies in credit ranking and risk analysis. Its rankings are used by international investors to analyze the conditions of more than 100 countries, 12,000 companies and 29,000 public institutions.
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