Economy & Business - July 2008 (ISSN 1741-7430)

PERU: Peru gets investment grade

Andean 31 July 2008 Modified: 31 July 2008 631 views

On 14 July Standard & Poor's, an international credit ratings agency, upgraded Peruvian debt to investment grade. The government of President Alan Garcí­a must be hoping that Peru does not suffer Brazil's fate: ever since Brazil achieved its investment grade rating on 30 April, the economic outlook has become cloudier.

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