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Sunday, March 30

Standards and Poors Peru PNS100 Million Treasury Bonds Assigned 'BB ' Local Currency Rating; LT Ratings Affirmed: "Mr. Briozzo also noted that, looking forward, setbacks to the reform agenda or weakening of social consensus on Peru's economic management could weigh negatively on the government's creditworthiness. On the other hand, significant progress toward the adoption of a tax reform could signal improving sovereign creditworthiness." Pretty boring financial stuff, but indicative of the wait-and-see view of Peru in banking circles. At least with solid economic growth, the government can leeway to work with. A year ago, it was looking bleak.

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