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Lima, Perú. December 11, 2017
Year of Good Citizen Service
Tourism & Gastronomy
Moody's: Peru corporate prospects improve for 2018
Photo: ANDINA/Carlos Lezama
New York (U.S.), Dec. 6.
Moody's Investors Service said Wednesday Peruvian companies' 2018 prospects look brighter following disruptions of 2017.
According to the "Non-Financial Corporates - Latin America: 2018 Outlook," Latin American companies will benefit from higher but modest GDP growth.
As for Peru, the rise in
, stronger economic sentiment and modest rebound in
support the country's corporate credit quality through 2018.
Infrastructure: Peru's economic engine
Peru's economy will recover from devastating
projects related to spillover from
scandal in 2017.
Gradual economic recovery and the higher level of infrastructure investment will support the entire construction chain and consumer-related sectors.
Mining production up
will remain slow, but credit quality will improve amid
, lower capital spending, rising production and cost reductions.
Agricultural and fishing industries will recover from severe
Coastal El Niño phenomenon
that caused heavy rain along the coast in early 2017, but extreme weather conditions will pose a continued threat.