LIMA, June 27 (NNN-ANDINA) — Peru is the only country in the region to retain its A3 investment grade credit rating with a stable outlook, the Inca country’s Economy and Finance Ministry said.
In June 2018 and March 2019, Standard and Poor’s (S&P) Global Ratings and Fitch Ratings, respectively, maintained Peru’s rating at ‘BBB+’ with a stable outlook.
“Peru is the only country in the region to retain its A3 investment grade credit rating with stable outlook assigned by the three major credit rating agencies,” it underlined.
Likewise, Moody’s on Tuesday affirmed the Government of Peru’s long-term foreign-currency and local-currency issuer ratings at A3, maintaining its stable outlook.
This rating confirmation contrasts with those of other countries in the region, whose rating has been downgraded with a negative outlook.
Minister Carlos Oliva said Moody’s rating confirmation acknowledges the economy’s demonstrated resilience to shocks in recent years.
“We acknowledge the economic policy management and the macro-fiscal strengths, just as we acknowledge the responsible fiscal policy management, which allows Peru to remain attractive for investors,” he pointed out. — NNN-ANDINA
