Peru Scores High Grade Hat Trick

Peru Scores High Grade Hat Trick


Moody’s has raised Peru’s credit rating to Baa3 from Ba1, becoming the third agency to assign an investment-grade rating to the sovereign, more than a year after S&P and Fitch. “As with other sovereigns that have been recently upgraded, the decision to raise Peru's foreign currency ratings was driven by indications of increased shock-absorption capacity relative to similar or higher-rated sovereigns,” Moody's says, calling the country an “ordinal winner” during the crisis. The agency lauds P

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