Fitch affirms Peru at BBB+

Fitch Ratings said it affirmed Peru's long-term foreign currency issuer default rating at BBB+ with a stable outlook.

“Peru's credit ratings reflect its strong public and external balance sheets and its credible and consistent macro policies, which have entrenched macroeconomic and financial stability,” Fitch said in a news release.

“These strengths balance vulnerabilities from Peru's high commodity dependence, financial dollarization, and low government revenue base, as well as its lower income per capita, social indicators, and institutional quality than the BBB median.”

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