DBRS Anoints Peru as High Grade (1)

DBRS Anoints Peru as High Grade (1)

Peru

Peru got a shot in the arm Friday with a promotion to investment grade by DBRS, the Toronto-based rating agency. The agency gave it a BBB (low) with a stable outlook and lauds the country’s sustained economic growth and declining debt burden within a framework of fiscal discipline and sound monetary policy. “Peru’s high reserve levels, low debt-service requirements and flexible exchange rate provide an adequate cushion to absorb potential external shocks during the administration of President Al

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