We expect that broad fiscal and monetary policy continuity under Peruvian President Ollanta Humala's new government will support stronger economic policy flexibility and growth. As a result, we are raising our long-term foreign currency rating on Peru to 'BBB' from 'BBB-'. The stable outlook balances Peru's ongoing success in attracting gas and mining investment with the country's political and external vulnerabilities. NEW YORK (Standard&Poor's) Aug. 30, 2011--Standard&Poor's Ratings Services today said it raised its long-term foreign currency sovereign credit rating on the Republic of Peru to 'BBB' from 'BBB-'. At the same time, we affirmed the 'A-3' short-term foreign currency rating and the 'BBB+/A-2' local currency ratings. The outlook on the long-term ratings is stable. In
