Standard and Poor, Plans to Strengthen Peru’s Rating

Peru.com reports that if the new government of Ollanta Humala maintains the prudent economic policies and the healthy investing climate, Standard and Poor will strengthen Peru’s credit rating. This would help further investment ventures in Peru’s economy. Peru would have to limit the fiscal deficit to 2% of GDP, maintain the autonomy of the Central Reserve Bank (BCR), keep the inflation target of 2% and retain the high level of international reserves. The credit agency reports that there is a low possibility that a sharp change in the political climate will occur. Over the next six months the agency said that it would assess the new government to watch for policies that promote economic growth through investment.Read Article