RIO DE JANEIRO, BRAZIL - The rating agency Moody's has improved the outlook of the banking system of Paraguay, Panama and Argentina, by changing its rating from "negative" to "stable", the entity informed on Thursday.
In Paraguay and Panama's case, the improvement in their ratings is due to the "stable or improving operating environment for the next 12 to 18 months," the agency said in a statement.
Paraguayan banks' focus on loans to the agricultural sector, high commodity prices, and the expected recovery of economic growth "will improve business conditions and promote loan growth, leading to a stable outlook . . .
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