S&P Raises Peru Rating

S&P Raises Peru Rating

Peru

Ratings agency Standard & Poor's has raised its long-term foreign currency sovereign credit rating on Peru to BB+ from BB and its long-term local currency sovereign credit rating to BBB- from BB+. The outlook on the ratings was revised to stable from positive. S&P said the ratings action, which brings Peru's long-term local currency rating into investment grade, reflected the country's: "Greater signs of political stability, combined with a strong economic performance". The ratings agency noted

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