Fitch affirms Peru

Fitch Ratings said it affirmed the Peru's foreign-currency issuer default rating at BBB-, local-currency issuer default rating at BBB and foreign-currency short-term issuer default rating at F3.

The outlook remains positive.

Peru's ratings are supported by the sovereign's robust external and fiscal balance sheets, a record of prudent policies and macroeconomic stability and manageable debt repayment profile, the agency said.

The strengths counterbalance the country's key credit weaknesses, including high commodity dependence, weaker social and governance indicators relative to similarly rated peers and still high financial dollarization, the agency added.

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