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Tuesday, December 27, 2011

Standard & Poor's announces Peru's top 20 companies


Standard & Poor's (S&P) Ratings Services presented the "Top 20 Peruvian companies" report that focuses on a selected group of entities which S&P considers to be among those with the best credit quality in the country.

According to associate director of said rating agency Diego Ocampo, the position of each of the firms making up the list reflects the country's economy. Thus, the leading firms belong to the mining, energy and telecommunications sectors, as well as retailers.

The “Top 20 Peruvian companies” report includes Alicorp, Buenaventura, Corporacion Lindley, Edegel, Edelnor, Enersur, Gloria, Luz del Sur, Barrick Misquichilca, Yanacocha, Minsur, Petroperú, Saga Falabella, Shougang Hierro Perú, Cerro Verde, Supermercados Peruanos, Telefónica del Perú, Telefónica Móviles, Backus and Johnston, and Volcan.

For the selection process, S&P identified those elements that help companies achieve strong business risk profiles, such as size, cost efficiency, management experience, among others.

Aafter having identified those companies with good business risk profiles, the agency searched for the ones with healthy financial risk profiles, evidenced by cash flow stability, conservative debt leverage, prudent financial policies, adequate liquidity and financial flexibility and good access to debt markets.

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