Story perspectives

Fitch Affirms Peru's 'BBB' Rating Amid Strong Economy

11/1/2025

Summary

Story summary

Fitch Ratings affirmed Peru's long-term foreign-currency issuer default rating at 'BBB' with a stable outlook.
The rating reflects Peru's strong external accounts, low inflation, and effective fiscal consolidation, with growth near its potential.
The Minister of Economy and Finance emphasized that the rating reflects Peru's macroeconomic strength and sound public finance management.
Fitch highlighted robust external accounts, bolstered by favorable terms of trade due to high metals demand.

History

Historical Context

In 1990, Peru faced hyperinflation peaking at 7,650%, prompting President Alberto Fujimori to implement crucial economic reforms supported by the World Bank. These reforms stabilized the economy and improved fiscal management. Today, Fitch's 'BBB' rating reflects the lasting impact of these changes, highlighting Peru's robust external accounts driven by high metals demand, indicating a sustainable economic future.

1 of 2

Story summary

Fitch Ratings affirmed Peru's long-term foreign-currency issuer default rating at 'BBB' with a stable outlook.
The rating reflects Peru's strong external accounts, low inflation, and effective fiscal consolidation, with growth near its potential.
The Minister of Economy and Finance emphasized that the rating reflects Peru's macroeconomic strength and sound public finance management.
Fitch highlighted robust external accounts, bolstered by favorable terms of trade due to high metals demand.

1 / 2