Analysis: Peru Markets Take in Political Drama as Investors Focus on Fundamentals (Reuters)

“You have fairly high credit ratings – on the back of low debt to GDP ratio – a high level of international reserves, a large share of debt in local currency, a current account deficit almost fully covered by foreign direct investment,” said Alejo Czerwonko, CIO for Emerging Markets Americas at UBS Global Wealth Management.

“So much political uncertainty is never welcome, yet the reason why markets have historically shrugged off political developments in Peru has to do with the fact that the country’s fundamentals are decently strong.” READ MORE

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