Monday, July 23, 2007

Peru Foreign-Currency Debt Outlook Raised by Standard & Poor's to Positive

(Bloomberg) -- Peru's foreign-currency debt rating
outlook was raised to positive from stable by Standard & Poor's
after the government sold $1.5 billion in sol-denominated bonds
last week to prepay Paris club debt.

S&P rates Peru's debt BB+, one level below investment grade
and the same level as Brazil, Costa Rica and El Salvador.


Read more at Bloomberg Emerging Markets News

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