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Peru Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Baa1 Negative | BBB- Stable | BBB Stable | N/A — | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Nov 05, 2024 | Fitch | BBB | Negative | BBB | Stable | |
| Apr 25, 2024 | S&P | BBB | Negative | BBB- | Stable | |
| Jan 31, 2023 | Moody's | Baa1 | Stable | Baa1 | Negative | |
| Dec 12, 2022 | S&P | BBB | Stable | BBB | Negative | |
| Oct 20, 2022 | Fitch | BBB | Stable | BBB | Negative | |
| Mar 18, 2022 | S&P | BBB+ | Negative | BBB | Stable | |
| Oct 18, 2021 | S&P | BBB+ | Stable | BBB+ | Negative | |
| Oct 15, 2021 | Fitch | BBB+ | Negative | BBB | Stable | |
| Sep 01, 2021 | Moody's | A3 | Negative | Baa1 | Stable | |
| May 21, 2021 | Moody's | A3 | Stable | A3 | Negative | |
| Dec 15, 2020 | Fitch | BBB+ | Stable | BBB+ | Negative | |
| Apr 04, 2017 | DBRS | BBB (high) | Stable | N/A | — | |
| Jul 02, 2014 | Moody's | Baa2 | Positive | A3 | Stable | |
| May 30, 2014 | DBRS | BBB | Positive | BBB (high) | Stable | |
| Oct 23, 2013 | Fitch | BBB | Stable | BBB+ | Stable | |
| Aug 19, 2013 | S&P | BBB | Positive | BBB+ | Stable | |
| Apr 29, 2013 | DBRS | BBB (low) | Positive | BBB | Positive | |
| Aug 28, 2012 | S&P | BBB | Stable | BBB | Positive | |
| Aug 16, 2012 | Moody's | Baa3 | Positive | Baa2 | Positive | |
| Feb 23, 2012 | DBRS | BBB (low) | Stable | BBB (low) | Positive |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CC | CC |
C | CC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Peru’s current credit rating?
Peru’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Peru’s credit risk.
Has Peru’s credit rating changed recently?
This page lists the latest rating and outlook actions for Peru, showing when each agency last reviewed or changed its assessment.
Why does Peru’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Peru's bond yields, currency, and equity flows as investors reassess risk.
How does Peru’s rating compare to other countries?
You can explore how Peru ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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