Moody’s Lowers Peruvian Retailer

Moody’s Lowers Peruvian Retailer

Peru Bonds Corporate & Sovereign Strategy

Moody’s has downgraded Maestro Peru to Ba3 from Ba2, it says. The action is based on the home improvement retailer’s continued high leverage and increasingly pressured liquidity in 2013, as the company executes a “relatively aggressive” expansion pla

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