Because the country is posting above-average growth while keeping its budget deficit under control, Credit Suisse Group AG and Societe Generale SA agreed the country is poised to receive more upgrades.
Peru’s credit-default swaps trade almost on par with Israel and Poland, yet it costs 1.21 percentage points to protect Peru’s debt against default for give years, compared with 1.30 points for Israel and Poland. That said, six months ago, Peru’s cost was 1.92.
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