MEXICO CITY (S&P Global Ratings) Oct. 2, 2019--Over the past few months, political uncertainty in Peru has increased, and tensions between President Martín Vizcarra and Peru's Congress have escalated. Nevertheless, we assume that the contours of economic policy and its implementation will not change, despite the political developments and uncertainties, given Peru's track record of stable economic policies across administrations and its solid economic and financial profiles. As a result, our sovereign ratings on Peru are currently unchanged (foreign currency: BBB+/Stable/A-2; local currency: A-/Stable/A-2). On Sept. 30, 2019, President Vizcarra announced the dissolution of Congress, after months of confrontation between the executive and legislative powers amid their inaction on a confidence vote, and called for new legislative elections on Jan.
