* Sol less than 1% away from record low * Chile"s peso leads gains as mining labor strike ends * Latam stocks dip (Adds graphic, updates prices) By Susan Mathew and Ambar Warrick Sept 2 (Reuters) - Peruvian dollar bonds fell slightly on Thursday and the sol tumbled to near record lows after a Moody"s downgrade, while Chile"s peso led gains among Latin American currencies as a strike at a major copper mine came to an end. Rating agency Moody"s downgraded Peru"s rating by one notch to "Baa1" on Wednesday, citing a "continuously polarized and fractured political environment," which it says weakened policymaking capacity. But the outlook was changed to stable from negative. Dollar bonds maturing in 2025, 2027 and 2030 fell marginally. The sol fell 0.5% to 4.0953 against the dollar, coming close to lifetime lows of 4.1160, while stocks hovered near one-month highs. "The stable outlook, however, reflects a still-strong fiscal situation compared to peers... With all three rating agencies three notches above High Yield, we do not foresee risks of losing (investment grade) status in the foreseeable future," Citi strategists said of Peru in a note. This raises the question of whether S&P and Fitch will also move in a similar way and this "should be marginally negative for local asset prices in today"s session. However, we would expect the impact to be short-lived," they said. Chile"s peso was the best performing Latam currency on Thursday, rising 0.5% as two unions at the country"s Andina copper mine struck a labor contract deal with world top copper producer Codelco, ending a prolonged strike and easing some concerns over Chilean copper supply. Brazil"s real erased early losses, trading flat as data showed July industrial production fell a more-than-expected 1.3%. The currency is flat for the year, giving up gains as fiscal worries rise ahead of elections next year. Brazil"s economic outlook appears bleak unless the government adopts structural reforms to build confidence in the country"s financial health, Arminio Fraga, a former governor of the central bank, told the Reuters Global Markets Forum on Wednesday. Colombia"s peso broke a four-day winning run, falling 0.9% after surging nearly 3% over the past four sessions. Colombia"s current account deficit shot up by 74.1% in the first half of the year, compared to the same period in 2020, to $7.98 billion, due to a greater trade imbalance and the exit of more earnings from foreign investment, the central bank said. Among stocks, Mexico"s main index fell a further 0.4% away from a record high hit last session, while Brazil"s Bovespa slumped 1.9%, led by financial stocks. Key Latin American stock indexes and currencies: Latest Daily % change MSCI Emerging Markets 1311.86 -0.04 MSCI LatAm 2457.56 -1.67 Brazil Bovespa 117148.20 -1.88 Mexico IPC 52021.41 -0.37 Chile IPSA 4437.23 -0.31 Argentina MerVal 74683.15 -0.73 Colombia COLCAP 1333.65 0.94 Currencies Latest Daily % change Brazil real 5.1824 -0.03 Mexico peso 19.9623 0.10 Chile peso 766.42 0.56 Colombia peso 3792.53 -0.92 Peru sol 4.0953 -0.53 Argentina peso 97.8300 -0.02 (interbank) (Reporting by Susan Mathew in Bengaluru; Editing by Andrea Ricci and Sonya Hepinstall) Our Standards: The Thomson Reuters Trust Principles.