DBRS: Peru view to positive

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

The trend was changed to positive from stable.

The ratings balance the comparatively low level of public debt and a credible macroeconomic policy framework with the government's weak institutional capacity and the economy's exposure to the commodity price cycle, DBRS said.

The positive trends reflect macroeconomic policy continuity with greater policy space to face adverse shocks and favorable medium-term growth prospects, the agency said.

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