Peru sees local currency reverse enquiry despite Fitch action

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Peru sees local currency reverse enquiry despite Fitch action

Peru, Lima, Miraflores, bridge, electricity, lights, LatAm, 575
Villena Bridge with traffic and partial City view in the Background day to night transition timelapse, Lima, Peru. Aerial view with illuminated coastline and Love park | neiezhmakov - stock.adobe.com

Bond buyers are showing interest in Peru’s nuevo sol denominated paper amid a sharp increase in EM risk appetite, according to the government’s public treasury director, even as Fitch downgraded the sovereign’s local currency debt rating last week.

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