# Fitch affirms Peru's ratings at BBB+, Outlook Stable | News | ANDINA - Peru News Agency

> 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.

- Date: 2019-03-29 · published 2019-03-29T12:00:00.000Z
- Category: report · region Peru · magnitude low
- Page: https://feedsoft.ai/events/60372-fitch-affirms-peru-s-ratings-at-bbb-outlook-stable-news-andina-peru-news-agency
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: neutral

## Sources

- andina.pe: https://andina.pe/ingles/noticia-fitch-affirms-perus-ratings-at-bbb-outlook-stable-746904.aspx

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