January 31, 2023

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Peru’s key financial institutions remain resilient amid political turmoil

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© Reuters. A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo

LIMA (Reuters) – Peru’s key economic and financial institutions remain resilient to political volatility, Moody’s (NYSE:) analyst Jaime Reusche said Thursday after the country impeached and arrested one president and welcomed another in a day of political drama on Wednesday.

Reusche added that Peru’s financial institutions help mitigate the country’s exposure to potential issues that could weigh on its credit quality.