Andina

Fiscal credibility and reforms allow Peru to maintain credit rating and outlook

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

09:55 | Lima, Aug. 26.

Peru is the only country which has not seen any changes in its credit rating and outlook, compared to other six countries in the region, Primer Minister Fernando Zavala affirmed Friday.

Credit rating agency Moody's Investors Service has maintained Peru's credit rating on A3 with stable outlook.

Zavala noted this action was based on the following key factors:

1. Macroeconomic stability.


3. Implementation of reforms to strengthen institutionalism in terms of corruption, among others.

The also Economy and Finance (MEF) Minister highlighted that the Government has seen important improvements, and it currently works on reforms. 

"Hopefully [in the future], Peru's credit rating and outlook will go from stable to positive," he added.

(END) JAA/MVB

Published: 8/25/2017