Peru Long-Term Foreign Currency Rating Raised To 'BBB+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research

Peru Long-Term Foreign Currency Rating Raised To 'BBB+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable

Peru Long-Term Foreign Currency Rating Raised To 'BBB+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research
Peru Long-Term Foreign Currency Rating Raised To 'BBB+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable
Published Aug 19, 2013
1742 words — Published Aug 19, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Peru continues to grow at high rates, underpinning the country's debt dynamics. The government has taken policy actions to bolster the country's ability to withstand external shocks, including establishing a Fiscal Stabilization Fund and building international reserves. As a result of the improved fundamentals, we are raising our long-term foreign currency rating on Peru to 'BBB+' from 'BBB' and our long-term local currency rating to 'A-' from 'BBB+'. The stable outlook reflects our expectation for continued economic growth as a result of investment in the energy and mining sectors. NEW YORK (Standard&Poor's) Aug. 19, 2013--Standard&Poor's Ratings Services today said it raised its long-term sovereign foreign currency rating on the Republic of Peru to 'BBB+' from 'BBB'

  
Brief Excerpt:

RESEARCH Peru Long-Term Foreign Currency Rating Raised To '###+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable Publication date: 19-Aug-2013 Primary Credit Analyst: Richard A Francis, New York (1) 212-438-7348; richard.francis@standard...

  
Report Type:

Ratings Action

Ticker
1131Z@PE
Issuer
Peru
Sector
Global Issuers, Structured Finance
Country
Peru
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Peru Long-Term Foreign Currency Rating Raised To 'BBB+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable" Aug 19, 2013. Alacra Store. Apr 27, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Peru-Long-Term-Foreign-Currency-Rating-Raised-To-BBB-Long-Term-Local-Currency-Rating-Raised-To-A-Outlook-Stable-1181006>
  
APA:
S&P Global Ratings’ Credit Research. (). Peru Long-Term Foreign Currency Rating Raised To 'BBB+', Long-Term Local Currency Rating Raised To 'A-'; Outlook Stable Aug 19, 2013. New York, NY: Alacra Store. Retrieved Apr 27, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Peru-Long-Term-Foreign-Currency-Rating-Raised-To-BBB-Long-Term-Local-Currency-Rating-Raised-To-A-Outlook-Stable-1181006>
  
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