U.S. investment bank JPMorgan has downgraded its recommendation on Panama's bonds after U.S. President Donald Trump ramped up his threat this week to take back the Panama canal.

The answer is simple: there is no greater or more idealistic symbol of U.S. power in the world than the Panama Canal. As Trump seeks a way to enhance the country's power in the world, leaning on imagery regarding the Panama Canal provides just the right message.

In recent weeks, when he was President-elect Donald Trump publicly said that Panama should return the Panama Canal to the United States, and he would not rule out using military force to reclaim it. At his presidential Inauguration on Monday Trump doubled down on saying that his new administration was going to take back the canal.