New York, November 01, 2013 -- Peru's Baa2 sovereign rating with positive outlook reflects the country's long-standing framework of macroeconomic stability, says Moody's Investors Service. Market-friendly policies and sound fiscal management have delivered a decade of strong private investment, robust growth, and steadily declining debt ratios. Moody's notes the current government is pursuing an ambitious reform agenda that includes reforming the civil service and deepening domestic capital markets, which Moody's expects to help pave the way for continued growth.

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