Moodys upgrades Peru

Moody's Investors Service said it upgraded Peru's foreign-currency government bond rating to Baa3 from Ba1 to reflect increased resilience to shocks and reduced credit risks.

"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 vice president Mauro Leos said in a statement.

© 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.