NEW YORK (Standard&Poor's) Dec. 14, 2004--Standard&Poor's Ratings Services said today that it assigned its 'BB+' long-term local currency debt rating to four bonds, totaling Peruvian new soles (PNS) 166.5 million (US$50.8 million), issued on December 6 and 7, 2004, by the government of the Republic of Peru (foreign currency ratings BB/Stable/B; local currency ratings BB+/Stable/B) in its domestic market. These newly rated bonds carry coupon rates of 7.2% (with a term of two-and-one-half years), 12.25% (seven years), 5.8% (10 years) and 7.4% (15 years); the last two bonds are indexed to inflation. Standard&Poor's Ratings Services also assigned its 'BB+' rating to other PNS-denominated domestic bonds issued by the Peruvian government in its own market
