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Peru Global Bond Assigned 'BB+' Rating As Part Of Liability Management Operation

Published Feb 28, 2007

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Abstract:

BUENOS AIRES (Standard&Poor's) Feb. 28, 2007--Standard&Poor's Ratings Services said today that it assigned its 'BB+' foreign currency credit debt rating to the Republic of Peru's (BB+/Stable/B foreign, BBB-/Stable/A-3 local currency sovereign credit ratings) US$ 1.24 billion global bond due in 2037 issued as part of a new liability management operation. Peruvian authorities also announced the reopening of the already-rated global 2016 and global 2033 bonds by additional amounts of US$855 million and US$95 million, respectively. According to Standard&Poor's credit analyst Sebastian Briozzo, these bonds are part of a new liability operation that seeks to strengthen the Peruvian government's debt profile by taking advantage of both the good performance of the local economy and the

Report Type:

Ratings Action

Ticker

1131Z@PE

Issuer

Peru

Sector

Global Issuers, Structured Finance

Country

Peru

Region

United States

Format:

HTML

Outlooks On Peru LT Ratings Revised To Positive From Stable On Strengthening Credit Profile – 2007/07/23 – US$ 150.00

Research Update: Outlooks On Peru Long-Term Ratings Revised To Positive From Stable – 2007/07/23 – US$ 225.00

Peru (Republic of) – 2007/12/21 – US$ 500.00

Summary: Peru (Republic of) – 2007/12/27 – US$ 225.00

Bulletin: Political Risk A Negative Factor But Not A Binding Constraint On Peru?s 'BB+' FC Rating – 2008/06/06 – Free

Research Update: Peru Global Bond, Part Of Liability Management Operation, Assigned 'BB+' Rating – 2007/02/28 – US$ 225.00

Summary: Peru (Republic of) – 2006/12/16 – US$ 225.00

Peru (Republic of) – 2006/12/16 – US$ 500.00

Peru LT Foreign Currency Rating Raised To 'BB+'; Outlook Revised To Stable From Positive – 2006/11/20 – US$ 150.00

Research Update: Peru LT FC Rating Raised To 'BB+' From 'BB'; Outlook Revised To Stable From Positive – 2006/11/20 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Peru Global Bond Assigned 'BB+' Rating As Part Of Liability Management Operation" Feb 28, 2007. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Peru-Global-Bond-Assigned-BB-Rating-As-Part-Of-Liability-Management-Operation-564374>

APA:	S&P Global Ratings’ Credit Research. (). Peru Global Bond Assigned 'BB+' Rating As Part Of Liability Management Operation Feb 28, 2007. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Peru-Global-Bond-Assigned-BB-Rating-As-Part-Of-Liability-Management-Operation-564374>

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