Peru lifted two notches by Moody’s

Peru lifted two notches by Moody’s

Bonds Corporate & Sovereign Strategy

Moody’s upgraded Peru two notches to A3 on Wednesday, driven primarily by an improving government balance sheet, it said. “Despite a cyclical slowdown in economic activity and a decrease in prices of key commodity exports, diversification of tax revenues has helped underpin fiscal health,” Moody’s said. The agency also pointed to momentum on structural reforms, and expectations for growth to accelerate until 2016. The upgrade could spur a bond sale by the sovereign. Carlos Linares, Peru’s head o

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial