Archive for September, 2015

A Shot Across the Bows for Peru Banks and Government 

A Shot Across the Bows for Peru Banks and Government 

By Nicholas Asheshov — The downgrade in New York by Standard & Poors, S&P, of Peru’s banking system last week came a day before S&P whammed the Brazil government debt to junk. The Brazil move is a much bigger hit to a much bigger player but the Peru bank rating is a […]

Drug-trafficker’s Arrest to Lead to More Investigations

Drug-trafficker’s Arrest to Lead to More Investigations

Gerald Oropeza, a young drug trafficker whose high lifestyle only became public knowledge when someone tried to blow him up in his white Porsche five months ago, is now behind bars in the maximum security wing at Piedras Gordas in Ancon, north of Lima. His arrest this past weekend in […]

by · September 14, 2015 · 0 comments · Feature

Standard & Poor’s Lowers Ratings for Five Peru Banks

Standard & Poor’s lowered its rating for five Peruvian banks, which points towards a more difficult economic environment for the Andean nation, The agency gave lowered the rating from BBB to BBB- for Banco de Credito del Peru, the country’s largest bank, as well as Banco Interamericano de Finanzas (BanBif), […]

Peruvian Avocados Enter the Asian Market

Peruvian Avocados Enter the Asian Market

While ProHass, the Peruvian association of Hass avocado producers, is ready to host the World Avocado Congress in Lima next week, Sept. 13-18, it is also celebrating the entry of its fruit to the Asian market. The first shipment of containers of Hass avocados from Peru is due to arrive in Japan at the […]