Peru's investment-grade rating has been reaffirmed at BBB by Fitch Ratings, easing concerns about a potential downgrade to junk status.
Fitch has also upgraded the country's outlook from negative to stable, aligning with Moody's BBB rating for Peru.
However, S&P Global Ratings currently holds Peru at the lowest investment-grade level after a downgrade in April. This reaffirmation by Fitch is significant for investors and indicates a more positive outlook on Peru's economic stability.