OREANDA-NEWS. Fitch Ratings has assigned a 'BBB' rating to Panama's USD1 billion global bond issuance maturing March 17, 2028. The bonds have a coupon rate of 3.875%.

The proceeds will be used for general budgetary purposes and liability management transactions.

KEY RATING DRIVERS
The rating is in line with Panama's Long-term Foreign-currency Issuer Default Rating (IDR) of 'BBB'.

RATING SENSITIVITIES
The rating would be sensitive to any changes in Panama's Long-term Foreign-currency IDR. On Feb. 19, 2016, Fitch affirmed Panama's Long-term Foreign-currency IDR at 'BBB' with a Stable Outlook.