China to build Panama-David train

China to build Panama-David train

Panama seeks to evaluate with Communist China the possibility of building a train to David, revealed the vice president Isabel de Saint Malo.

China recently just released the new generation of Fuxing bullet trains, which run at 350 kilometers per hour. David is more than 400 kilometers from the capital city.

China's Foreign Minister Wang Yi is due to arrive in Panama to discuss 12 priority points set out in the new bilateral agenda, including tourism, trade and security.

Critica Panama

Moody's reaffirms A2 rating of the Panama Canal Authority with a stable outlook

Moody's reaffirms A2 rating of the Panama Canal Authority with a stable outlook

These bonds were qualified under equal conditions with the $ 2.3 billion loan granted by bilateral and multilateral institutions to finance the Panama Canal expansion program.

Moody's ratings confirmed with a stable outlook; its A2 rating assigned to the 20-year, $ 450 million senior unsecured bonds issued by the Panama Canal Authority (ACP).

The bonds were issued to partially finance the construction of the third bridge over the Atlantic Oceanway.

These bonds were qualified under equal conditions with the $ 2.3 billion loan granted by bilateral and multilateral institutions to finance the Panama Canal expansion program.

Moody's also upgraded the ACP's Base Credit Assessment (BCA) from A3 to A2, which reflects the successful operations of the expanded Canal to one year since its opening.

According to the qualifying company, the expanded Canal has captured more transits and tonnage and has allowed the development of new businesses and investments.