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Peru's gov't hires U.S. credit-rating agency to evaluate sovereign risk

May 25, 2014

Lima, May 25 (EFE).- Peru's government has approved the hiring of U.S.-based Standard & Poor's Rating Services to evaluate the Andean nation's sovereign risk, the Economy and Finance Ministry said.

Under the terms of the agreement, S&P will evaluate quantitative factors, such as macroeconomic indicators, that have a bearing on Peru's sovereign risk rating, the ministry said.

The contract calls for S&P to examine the structure of the economy, as well as monetary and fiscal flexibility, among other factors.

Standard & Poor's revised Peru's long-term credit rating upward from BBB to BBB+ in August 2013, citing the Andean nation's efforts to reduce its exposure to external shocks and success in improving its ability to promote stable economic growth. EFE


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Source: EFE Ingles

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