Lima, June 10, 2021.- The uncertainty of the election results in Peru still remains and, with them, the concerns of corporate investors in the country, as they do not know precisely what the new scenario for the next five years will be.
However, amid an economic recovery this year, after the sharp drop in 2020, the international credit rating agency Fitch Ratings stated that Peruvian companies currently maintain proper liquidity to face future challenges.
“Fitch considers that Peruvian companies, on average, maintain proper liquidity positions. The sufficient liquidity of the issuers, on average, is reflected in satisfactory interest coverage ratios, limited payments of the principal of the debt that are due in 2021-2022 and easily available access to credit in the local market,” specified the report.
According to Apoyo Consultoría
According to the economist and main partner of Apoyo Consultoría, José Carlos Saavedra, the levels of uncertainty are likely to remain high in the coming weeks, because, in addition to the presidential elections, other issued are yet to be defined, such as the election of ministers and economic authorities, such as the president of the BCR. He affirmed that the market is paying close attention to the candidates’ messages and mentioned as an example the exchange rate recorded on Tuesday, which increased to S/ 3.98, but after the statement from Pedro Castillo’s economic team, led by Pedro Francke, who undertook to respect the autonomy of the BCR and private investment, the dollar dropped rapidly and closed at S/ 3.92