Peru Raised to BBB+ by Fitch as Humala Draws Mine Investment
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Peru’s credit rating was increased one level by Fitch Ratings, making it the highest-ranked South American country after Chile, as the government cuts debt and mining investment fuels growth.
Peru’s long-term foreign-currency rating was raised to BBB+, or three levels above junk grade, with a stable outlook, Fitch said today in a statement. Standard & Poor’s raised Peru to BBB+ from BBB on Aug. 19. Moody’s Investors Service rates Peru at Baa2, two levels above junk, with a positive outlook.