Fitch Ratings reaffirmed its investment confidence in the Panama Canal Authority, giving it an 'A' rating for the third consecutive year.
The New York-based credit rating agency issued a "stable outlook" for the authority's long-term issuer default rating and senior unsecured notes.
Fitch highlighted the waterway's “stable volume performance, solid competitive position, and well-diversified cargo mix, causing [the] ACP's volume profile to exhibit high levels of resilience.”
