Peruvian corporate sector will rejuvenate with roughly 4% growth, Moody's Investors Service has affirmed.
However, the large change in consumer preferences —from new tax— will still be disruptive in the short run, it projected.
According to the credit rating agency, Alicorp
(Baa3 stable) has high profitability despite its small size if compared to global peers. It also holds a leading position in Peru —its largest market.
On the other hand, Inretail Pharma
(Ba2 stable) —part of Intercorp Peru Ltd.
(Ba2 positive), one of the Inca country's largest companies— has a leading market position at home following Quicorp acquisition. Plus, it owns highly recognized brands, and its products have a fairly steady demand in the pharmacy sector.
Concerning Latin American telecommunications, Moody's has forecasted "Peru and Chile will remain the most competitive markets in 2019."