Fitch Teleconference: Fitch Upgrades Peru to Investment Grade, April 3 10am ET

NEW YORK--(BUSINESS WIRE)--Tomorrow, April 3, Fitch will host a teleconference detailing the rationale behind today's upgrade of Peru to investment grade. The call will take place at 10 a.m. ET and will be led by Theresa Paiz-Fredel, Fitch Senior Director for Latin American Sovereign Ratings.

'Peru's public finance and external account performance once again exceeded expectations, contributing to a better than anticipated improvement in the sovereign's financial ratios. As a result, most of Peru's financial indicators are now stronger than the median for low investment grade credits. Furthermore, it is important to highlight an incipient structural shift in the drivers of Peru's economic growth, as the most dynamic growth rates now stem from the non-primary sectors,' said Paiz-Fredel.

Fitch upgraded Peru's long-term foreign currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and its long-term local currency rating to 'BBB' from 'BBB-'. The Rating Outlook on these ratings is Stable. Fitch also upgraded Peru's short-term IDR to 'F3' from 'B' and its Country Ceiling to 'BBB' from 'BBB-'.

To participate in the teleconference, interested parties should call +1-866-723-3590 five minutes prior to the 11 a.m. start time and give conference ID number '42223776', the title of the call, 'Peru Upgrade to Investment Grade' or the call leader name 'Theresa Paiz.' For international participants, the dial-in number is +1-706-634-9315. To ensure there are sufficient telephone lines available, use internal conferencing capabilities, if possible, for multiple listeners at a single location.

A replay of the teleconference will be available starting Thursday, April 3 at 11:00 a.m. ET until May 3 at 11:59 p.m. ET. To listen to the teleconference replay, U.S. participants should call +1-800-642-1687. Participants outside the U.S. should call +1-706-645-9291. The conference ID number for the replay is '42223776'.

Additionally, the teleconference will be archived on the Fitch Ratings web site. Interested parties can find the appropriate link at www.fitchratings.com. Click on the 'Fitch Events' button, and then on 'Teleconferences' to find the call information.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.