MicroRate Authorized to Operate As a Risk Rating Agency in Panama

Superintendency of the Stock Market of Panama, through resolution 399-22, has authorized the start of MicroRate operations as a Risk Rating Agency within the Republic of Panama, declaring the registered name to be "MICRORATE RISK RATING COMPANY (PANAMA)."

This is the first time that a rating agency specializing in microfinance has been authorized in Panama to rate regulated financial institutions in the country.