Chile And Peru: Contrasting Tales Of Governance And Public Services Feb 09
- ID: 1922573
- February 2009
- Region: Chile, Peru
- Standard & Poors
Economic reforms are necessary but not always sufficient to create growth and development in a country. Governments also need to deliver basic public services and infrastructure to enable the population to take advantage of the opportunities that economic reforms provide. The ability to provide such services has an impact on a country's political risk, economic structure, and GDP growth prospects, three factors that Standard & Poor's Ratings Services incorporates into its sovereign rating analysis. Public services and infrastructure play important roles in determining a country's creditworthiness. A comparison between the Republic of Chile (A+/Stable/A-1) and the Republic of Peru (BBB-/Stable/A-3) illustrates this well. The two Andean countries differ in many ways, including their size, income, social conditions, and political legacy....
Companies mentioned in this report are:
- Chile (Republic of)
- Peru (Republic of)
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >