DBRS confirms Peru

DBRS said it confirmed the Republic of Peru's long-term foreign- and local-currency securities at BBB (low).

The trend is stable.

"The stable trends balance Peru's strong policy framework and resilience to the crisis with an unpredictable political environment ahead of the presidential elections in 2011," Michael Heydt, a DBRS senior financial analyst, said in a statement.

Ratings are underpinned by Peru's low public debt and high international reserves, the agency said.

The political implications of widespread poverty and regional inequality present the single greatest risk to Peru's macroeconomic stability, the agency noted.

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