Moody's Investors Service on Thursday announced they will maintain Peru's credit rating on A3, as well as its stable outlook, within a context in which continuity in the orientation of the Government's policies is expected.
"For the time being, we are maintaining our baseline forecasts for 2018-19, and we do not anticipate changes to
Peru's A3 rating and stable outlook," Moody's Sovereign Risk Group Vice-President Jaime Reusche said.
Projected growth
Furthermore, he informed Moody's will maintain Peru's growth forecast at 3.5% for 2018 and 2019.
"This outcome signals policy continuity. We do not expect a material deviation from the Government's current policy stance on macroeconomic management," Reusche noted.
Infrastructure projects
For his part, Moody's Vice President and Senior Analyst Adrian Garza considered that Peru's infrastructure project pipeline will likely face further delays in the short run as a result of
President Pedro Pablo Kuczynski's resignation.
"We expect however that infrastructure investment, including
Public Private Partnerships (PPP), will continue to be a top priority for the Government," he expressed.
Despite the recent challenges, infrastructure investment will be underpinned by Peru's strong track record and institutional framework, Garza concluded.
(END) MMG/JJN/JAA/MVB