09 Jul 2018 / Panama Canal, Panama
Two years after the inauguration of the Expanded Panama Canal, Standard & Poor's (S&P) Global Ratings revised its outlook on the Panama Canal from ‘stable' to ‘positive' - demonstrating the global impact of the historic waterway. The rating agency also affirmed its 'A-' rating for the Panama Canal, ranking the ACP two notches above that of the sovereign foreign currency rating.
S&P Global Ratings stated that they are revising Panama Canal's outlook due to the waterway's "intrinsic credit factors, sensitivity to country risk, and liquidity cushion."
The Panama Canal's outlook indicates the rating agency's expectation that it will generate relatively stable annual earnings before interest, taxes, depreciation, and amortization (EBITDA) due to transit growth, made possible by favorable trends in world trade commerce and the consolidations of the Neopanamax Locks' operations…
(For information about operations in the Panama Canal contact GAC-Wilford & McKay at [email protected])
Source: Extract from Panama Canal Authority Press Release dated 5 July 2018
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