Tuesday, March 22, 2011

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Moody's changed the outlook Peruana to positive from stable

Although not a change of rating, it is still positive news. The credit rating agency Moody's, one of the three largest in the business, along with Standard & Poor's and Fitch, improved from stable to positive the outlook for the rating Peru.

The agency now puts us (like the other two) in the Investment Grade, Baa3 level. As noted, the Baa2 level rise will be decided within six or twelve months if you have defined the economic course that will take the country after the presidential elections and the change of command.

As is known, an improved credit rating means the recognition that a country has good financial standing, which, in addition to allowing honor their debts, reflects an appropriate macroeconomic management, growth base. Thus, this becomes a better credit (In increasingly favorable conditions) and a most reliable destination for investment. And that certainly benefits all its inhabitants.

In fact, Peru has already done more than enough merit to be promoted to the rank below. Relevant economic indicators are even better than those of several countries that already hold this graduation. If they do not yet have Moody's nor the other two agencies is only by the political factor, which persist the threat of reversal, which could lead the economy in many different ways to the traveled over the last twenty years. This is reflected not only in the indecision of the agency, but also in the title of his latest report, no doubt based on the latest polls: "Presidential Elections Pose Little Threat to Policy Continuity in Peru" ("Presidential Elections pose a certain threat of Continuity in Economic Policy Peru "). not for this uncertainty, our country and may be benefiting, for several months, so a better credit rating is in terms of investment and financial flows.

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