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Fitch affirmed Peru's long-term foreign currency issuer default rating at BBB+ with a Stable Outlook. The agency cites strong public and external balance sheets and consistent macro policy, while noting vulnerabilities from commodity dependence and a low revenue base.
A stable sovereign rating supports Peru's currency and borrowing costs, while Fitch flags El Niño severity and global copper demand as risks to growth. For feed buyers, El Niño risk to Peruvian agriculture and fishmeal output is the link to commodity prices.
andina.peMar 29, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
