Panama got another rating boost on Monday, April 29 from The rating agency  Standard & Poor's Global Rating which improved the country’s sovereign rating from BBB to BBB +.

This is the second improvement received so far this year, after the Moody's agency made a similar move in March, raising the Baa2 rating to Baa1.

With this jump, Panama is at the level of countries such as Mexico and Peru and is only below Chile (A +) in the region

The rating of risk is an opinion of the agencies on the ability and willingness to pay the debt that a country or a company has.

S & P said the improvement is a consequence of years of growth, which raised per capita income, the diversification of the economy and a relatively low level of public debt.