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Reuters
Reuters
Business

BIZARRE: S p global cuts peru s outlook to negative on heightened political risk - What They Never Told You

Peru SP SP Global
A demonstrator prepares to throw back a tear gas canister during a protest demanding the dissolution of Congress and to hold democratic elections rather than recognize Dina Boluarte as Peru's President, after the ousting of Peruvian President Pedro Castillo, in Lima, Peru December 12, 2022. REUTERS/Sebastian Castaneda

Global ratings agency S&P Global cut Peru's outlook to negative from stable, citing risks to the sovereign's credit worthiness from a political standstill and challenging relationship between the country's executive and legislative branches of government.

S&P said the way Peru's most recent change in power occurred reflects heightened political deadlock, and it increases risks ahead.

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