S&P Global cuts Peru's outlook to negative on heightened political risk
Reuters
Published Dec 12, 2022 05:35PM ET
(Reuters) - Global ratings agency S&P Global (NYSE:SPGI) cut Peru's outlook to negative from stable, citing risks to the sovereign's credit worthiness from a political standstill and challenging relationship between the country's executive and legislative branches of government.
S&P said the way Peru's most recent change in power occurred reflects heightened political deadlock, and it increases risks ahead.
The agency affirmed its 'BBB' long-term foreign currency and 'BBB+' long-term local currency sovereign credit ratings.
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Written By: Reuters
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