# Peru’s fiscal landscape remains stable | FrontierView

> S&P Global Ratings downgraded Peru's foreign currency sovereign credit rating from BBB to BBB- on April 26, citing political instability expected to last until the 2026 elections. Subdued 2024 growth, estimated at 0.6%, will limit socioeconomic improvements.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/30548-peru-s-fiscal-landscape-remains-stable-frontierview
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

A sovereign downgrade raises borrowing costs for Peruvian institutions and multinationals, with limited direct effect on feed commodity demand. Political uncertainty is a modest macro backdrop for the sol and the economy that buys feed ingredients.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- frontierview.com: https://frontierview.com/insights/perus-fiscal-landscape-remains-stable/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.