Peru Housing Fund Gets BBB

Peru Housing Fund Gets BBB

Peru Bonds Corporate & Sovereign Strategy

Fitch has assigned BBB to Peru’s Fondo Mivivienda (FMV), it says. The rating comes ahead of what may be the borrower’s debut international bond sale. “Given FMV’s key role in implementing economic development policies, the government has a vested interest in supporting FMV,” Fitch says. Historically, the housing fund has financed its operations only with its own funds and automatically capitalizes all its profits. As its role has become more important and its activities have significantly expand

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