S&P revises Peru outlook to negative

S&P said it revised the outlook on Peru to negative from stable and affirmed the BBB+ long-term foreign-currency and A- long-term local-currency sovereign credit ratings.

“The negative outlook reflects the at least one-in-three chance of a downgrade over the next six to 24 months if political challenges–amid tensions between Peru's executive and the Congress–contribute to poor economic performance that worsens the sovereign's financial profile. Political fragmentation after recent elections has raised the risk of policy uncertainty and weighed on investor confidence,” S&P said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.