Bulletin: Peru's Capacity To Implement Reforms Could Diminish Due To Frequent Changes In Government - S&P Global Ratings’ Credit Research

Bulletin: Peru's Capacity To Implement Reforms Could Diminish Due To Frequent Changes In Government

Bulletin: Peru's Capacity To Implement Reforms Could Diminish Due To Frequent Changes In Government - S&P Global Ratings’ Credit Research
Bulletin: Peru's Capacity To Implement Reforms Could Diminish Due To Frequent Changes In Government
Published Nov 10, 2020
4 pages (1641 words) — Published Nov 10, 2020
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Abstract:

BUENOS AIRES (S&P Global Ratings) Nov. 10, 2020--S&P Global Ratings today said its ratings on Peru (foreign currency BBB+/Stable/A-2; local currency A-/Stable/A-2) are not immediately affected after the Peruvian Congress voted on Nov. 9 to oust President Martin Vizcarra from office following corruption allegations from his period as governor of the department of Moquegua (2011-2014). Given there is currently no vice president (Vizcarra took office when former President Pedro Pablo Kuczynski resigned), the head of Congress, Manuel Merino, assumed the presidency today. The cabinet, which resigned following Vizcarra's impeachment, will also change. We assume elections will take place as scheduled in April 2021, with a new president and Congress taking office in July. In the meantime, some controversial legislation, such

  
Brief Excerpt:

...November 10, 2020 BUENOS AIRES (S&P Global Ratings) Nov. 10, 2020--S&P Global Ratings today said its ratings on Peru (foreign currency ###+/Stable/A-2; local currency A-/Stable/A-2) are not immediately affected after the Peruvian Congress voted on Nov. 9 to oust President Martin Vizcarra from office following corruption allegations from his period as governor of the department of Moquegua (2011-2014). Given there is currently no vice president (Vizcarra took office when former President Pedro Pablo Kuczynski resigned), the head of Congress, Manuel Merino, assumed the presidency today. The cabinet, which resigned following Vizcarra's impeachment, will also change. We assume elections will take place as scheduled in April 2021, with a new president and Congress taking office in July. In the meantime, some controversial legislation, such as further pension fund withdrawals--which Congress has been pushing for in recent months--could pass, although our base case is that it would not meaningfully...

  
Report Type:

Bulletin

Ticker
1131Z@PE
Issuer
Peru
Sector
Global Issuers, Structured Finance
Country
Peru
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Peru's Capacity To Implement Reforms Could Diminish Due To Frequent Changes In Government" Nov 10, 2020. Alacra Store. May 05, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Peru-s-Capacity-To-Implement-Reforms-Could-Diminish-Due-To-Frequent-Changes-In-Government-2552623>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Peru's Capacity To Implement Reforms Could Diminish Due To Frequent Changes In Government Nov 10, 2020. New York, NY: Alacra Store. Retrieved May 05, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Peru-s-Capacity-To-Implement-Reforms-Could-Diminish-Due-To-Frequent-Changes-In-Government-2552623>
  
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