Peru's credit rating (A3 investment grade) remains unchanged despite difficulties the Andean country faced in 2017, Moody's Sovereign Risk Group Vice President Jaime Reusche highlighted.
According to Reusche, said adverse factors include fiscal
space reduction, private investment decline, as well as Coastal El Niño phenomenon
and corruption scandals.
During his participation in a panel discussion hosted by Andina news agency and El Peruano official newspaper, the analyst underlined Moody's does not foresee any change in Peru's projections.
Likewise, Reusche affirmed the country's structural problems are the same obstacles, which affect its rating and growth.