Republic of Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Republic of Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable

Republic of Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Republic of Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable
Published Jun 14, 2017
9 pages (4527 words) — Published Jun 14, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW Two negative shocks, which we view as temporary, have hurt the Peruvian economy this year, leading the government to launch a fiscal stimulus plan and loosen its fiscal targets for the next four years. The Republic of Peru's low government debt, coupled with monetary policy credibility and an improved external profile, are key ratings strengths that provide support during this temporary policy adjustment. We are affirming the long-term foreign and local currency ratings on Peru at 'BBB+' and 'A-', respectively, and the short-term ratings at 'A-2'. The stable outlook incorporates our expectation that Peru's economy will gradually gain momentum, with a long-awaited recovery in investment after the transitory shocks fade while it continues to maintain a solid fiscal profile.

  
Brief Excerpt:

...OVERVIEW + Two negative shocks, which we view as temporary, have hurt the Peruvian economy this year, leading the government to launch a fiscal stimulus plan and loosen its fiscal targets for the next four years. + The Republic of Peru's low government debt, coupled with monetary policy credibility and an improved external profile, are key ratings strengths that provide support during this temporary policy adjustment. + We are affirming the long-term foreign and local currency ratings on Peru at '###+' and 'A-', respectively, and the short-term ratings at 'A-2'. + The stable outlook incorporates our expectation that Peru's economy will gradually gain momentum, with a long-awaited recovery in investment after the transitory shocks fade while it continues to maintain a solid fiscal profile. RATING ACTION On June 14, 2017, S&P Global Ratings affirmed its long-term foreign currency sovereign credit rating of '###+' and long-term local currency sovereign credit rating of 'A-' on the Republic...

  
Report Type:

Ratings Action

Ticker
1131Z@PE
Issuer
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Republic of Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable" Jun 14, 2017. Alacra Store. Sep 28, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Republic-of-Peru-BBB-A-2-Foreign-Currency-Ratings-Affirmed-Outlook-Remains-Stable-1868327>
  
APA:
S&P Global Ratings’ Credit Research. (). Republic of Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable Jun 14, 2017. New York, NY: Alacra Store. Retrieved Sep 28, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Republic-of-Peru-BBB-A-2-Foreign-Currency-Ratings-Affirmed-Outlook-Remains-Stable-1868327>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.