Loading…
S&P Global Ratings downgraded Peru's foreign currency sovereign credit rating from BBB to BBB- on April 26, citing political instability expected to last until the 2026 elections. Subdued 2024 growth, estimated at 0.6%, will limit socioeconomic improvements.
A sovereign downgrade raises borrowing costs for Peruvian institutions and multinationals, with limited direct effect on feed commodity demand. Political uncertainty is a modest macro backdrop for the sol and the economy that buys feed ingredients.
frontierview.comJuan VelezMay 16, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
