S&P Raises Peru

S&P Raises Peru

Peru Corporate & Sovereign Strategy

S&P has raised Peru’s rating to BBB+ from BBB, it says, citing lower vulnerability to external shocks and a healthy GDP growth outlook. “Peru’s high investment rate – more than 27% of GDP – should keep the sovereign's per capita GDP growth above 4% per year throughout the forecast horizon, significantly higher than the average trend growth rate of most other countries that are at a similar stage of development,” the agency says. The government has taken advantage of favorable commodity prices to

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