14 July 2008 18:24 [Source: ICIS news]
HOUSTON (ICIS news)--?xml:namespace>
The cabinet change will not result in major changes to
“The formal resignation of Finance Minister Luis Carranza today does not have any rating implications for
“The Garcia administration continues to resist wage pressures and has used the commodity windfall to invest in infrastructure, pay down public debt and increase assets, a strategy which Fitch believes the new finance minister will maintain.”
There is also rising interest in Peru as a biodiesel producer.
Fitch currently assigns Peru sovereign debt a BBB- rating with a stable outlook.
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