, which are recognized by all foreign credit rating agencies (Fitch Ratings, Moody's, and Standard & Poor's).
"We are a country that has a low public debt and that has proven to maintain fiscal discipline for several decades, in addition to featuring monetary stability," he stressed.
The official affirmed that (credit) rating agencies recognize these policies of the Peruvian State. Nonetheless, it would be necessary to observe the other elements that each one of them considers in its own analysis.
"As we know, what has certainly weakened in our country, and what is also taken into account in sovereign credit rating analyses, is the political issue," Armas indicated.
"Political instability and the high turnover of authorities that we have seen since 2016 affect (the rating)," he explained.
"In general, (credit) rating agencies should have a long-term approach in their assessment," he remarked.