BUENOS AIRES (Standard&Poor's) June 5, 2006--Standard&Poor's Ratings Services said today that the June 4, 2006, election of Mr. Alan Garcia as the new president of the Republic of Peru (BB/Positive/B foreign, BB+/Positive/B local currency sovereign credit ratings) has no immediate impact on its rating and outlook on the sovereign. As explained in "Credit FAQ: The Impact Of The Presidential Election On The Republic of Peru's Credit Outlook," (Ratings Direct, April 12, 2006), published a few days after the first round of the presidential elections, any future rating or outlook changes will depend upon both the economic policy agenda put forward by the new president and the political support the he can muster in order to assure
