S&P Affirms Peru Rating

S&P Affirms Peru Rating

Peru

S&P has affirmed Peru’s BBB minus ratings and kept the outlook on the sovereign stable. “The ratings on Peru are supported by the government's commitment to economic stability and a positive investment climate that will underpin solid growth through 2012, despite the sharp slowdown in 2009,” says S&P credit analyst Richard Francis. He says he expects Peru’s external indicators to remain robust, despite the fact that the current account balance swung to a deficit of 3.3% of GDP in 2008 an

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