BUENOS AIRES (Standard&Poor's) June 6, 2008--Yesterday, a newswire service quoted a Standard&Poor's Ratings Services analyst saying that risks to political continuity prevented the firm from raising the foreign currency rating on the government of the Republic of Peru to investment grade. Standard&Poor's long-term foreign currency sovereign credit rating on Peru is 'BB+', which is one notch below investment grade. "Although political risk is a negative factor in the government's credit profile, in itself it is not a binding rating constraint," said Standard&Poor's credit analyst Sebastián Briozzo. "The outlook on Peru is positive, indicating that there is more upward pressure on the rating than downward pressure." Standard&Poor's revised its outlook on
