Moody's may lift Peru foreign-currency government bond rating

Moody's Investors Service said it has placed Peru's Ba1 foreign-currency government bond rating on review for possible upgrade, reflecting the country's track record of stable economic policymaking and reduced risks from the economy's relatively high degree of dollarization.

"The review reflects signs of increased shock-absorption capacity in the face of adverse external conditions," said Mauro Leos, Moody's regional credit officer for Latin America.

"The government's enhanced policy flexibility is also evidenced by its successfully steering of the economy towards a 'soft-landing' after a period of above-trend growth."

© 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.