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Article: Fitch Affirms 2 Peruvian Future Flow Transactions Despite Decline in Collections.
- Article from:
- Business Wire
- Article date:
- October 29, 2009
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CHICAGO -- Fitch Ratings has affirmed two Diversified Payment Rights (DPRs) transactions from Peruvian banks as follows:
-- CCR Inc. Mt-100 Payments Rights Master Trust (BCP) series 2008-A and series 2008-B at 'A-'; -- Continental DPR Finance Company (Continental) series 2008-A at 'A'.
The Outlook on all ratings is Stable.
As a primarily raw-material exporter, Peru has been negatively affected by the global economic slowdown. The collapse in commodities prices during 2008 and early 2009, specifically in base metals, as well as a lower volume of exports have resulted in deterioration to the country's trade balance. According to projections by the ...