S&P: Peru unaffected

Standard & Poor's said that the election of Alan Garcia as the new president of the Republic of Peru (BB/positive/B foreign, BB+/positive/B local currency sovereign credit ratings) has no immediate impact on its rating and outlook on the sovereign.

The agency noted that any future rating or outlook changes will depend upon both the economic policy agenda put forward by the new president and the political support the he can muster in order to assure governability and consistent economic policy implementation.

Significant deviation from the current trend in economic policies, or developments that weaken Peru's institutional framework and macroeconomic stability, will likely reverse the current upward rating momentum, S&P said.

© 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.