Peru's foreign debt rating was put on review for an increase to investment grade by Moody's, which cited the country's "stable" economic policies. Peru faces less risk of exchange-rate swings after reducing foreign currency exposure, the ratings agency said. Last year, both Fitch Ratings and Standard & Poor's raised Peru to BBB-, the lowest investment grade. Peru has shown "increased shock-absorption capacity in the face of adverse external conditions," said Mauro Leos, Moody's regional credit officer for Latin America. "The government's enhanced policy flexibility is also evidenced by its successfully steering of the economy towards a ‘soft-landing' after a period of above-trend growth." (Bloomberg)

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