JPMorgan Says Panama Bonds Are a Buy as Offshore Scandal Fades
- Nation’s economy to be boosted by canal expansion, metro
- IMF says Panama to grow the most in Latin America this year
Panama City.
Photographer: Susana Gonzalez/BloombergThis article is for subscribers only.
Negative headlines triggered by the so-called Panama papers scandal earlier this year may have created an opportunity to buy the Central American nation’s sovereign bonds, according to JPMorgan Chase & Co.
The bank raised its recommendation on the country to “overweight” from “marketweight”, saying that the bonds have under-performed this year, even as the economy remains a top performer.