This report does not constitute a rating action. What's new: We think the finalization of the recent presidential election in Peru could support stable economic growth, partly through private investment, which will help invigorate domestic productive and infrastructure sectors. As a result, we expect Corporacion Financiera de Desarrollo S.A. (COFIDE) to see higher loan underwriting because of its public role in supporting the country's development through financing such sectors. However, S&P Global Ratings will monitor political volatility, which has been frequent in the country due to persistent political polarization. Nevertheless, effective management by key economic institutions, such as the central bank and the ministry of finance, has helped preserve policy and economic stability, as well as investor confidence. COFIDE is
