Peru 'BBB+/A-2' Foreign Currency Ratings Affirmed; Outlook Remains Stable

RATINGS Foreign Currency: BBB+/Stable/A-2 Local Currency: A-/Stable/A-2 For further details see Ratings List. OVERVIEW Peru's new government faces the ongoing challenge of accelerating growth through increases in public and private investment as corruption scandals and political uncertainty have delayed a number of infrastructure projects. A track record of cautious fiscal and monetary policies, which has contributed to limited government deficits and low inflation, and low government debt sustain our ratings on Peru. We are affirming our long-term foreign and local currency sovereign credit ratings on Peru at 'BBB+' and 'A-', respectively, and the short-term ratings at 'A-2'. The outlook remains stable given our expectation of continuity in economic and investment policies under the current administration, along with gradual fiscal adjustment.

... Currency: A-/Stable/A-2 For further details see Ratings List. OVERVIEW + Peru's new government faces the ongoing challenge of accelerating growth through increases in public and private investment as corruption scandals and political uncertainty have delayed a number of infrastructure projects. + A track record of cautious fiscal and monetary policies, which has contributed to limited government deficits and low inflation, and low government debt sustain our ratings on Peru. + We are affirming our long-term foreign and local currency sovereign credit ratings on Peru at '###+' and 'A-', respectively, and the short-term ratings at 'A-2'. + The outlook remains stable given our expectation of continuity in economic and investment policies under the current administration, along with gradual fiscal adjustment. RATING ACTION On June 15, 2018, S&P Global Ratings affirmed its '###+' long-term foreign currency and 'A-' long-term local currency sovereign...

Ratings Action