Peru — Sovereign Signal
BT-SFS 65.0/100 · BBB · 98 bps over Treasuries
Score and market snapshot
Peru trades 3 bps wide of its fundamentals fit (fitted spread 95 bps).
| Field | Value |
|---|---|
| BT-SFS score | 65.0 / 100 |
| Rank | 11 of 51 |
| Composite rating | BBB |
| Agency ratings | Moody's Baa1 · S&P BBB- · Fitch BBB |
| Benchmark USD bond | PERU 8.75 33 |
| Spread over Treasuries | 98 bps |
| Yield to worst | 5.13% |
| Duration | 5.6y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 71.9 |
| External | 89.4 |
| Macro | 68.8 |
| Institutions | 29.2 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Current account / GDP | External | 3.4% | 81.3 | IMF | 2026 |
| International reserves, months of imports | External | 10.5 mo | 95.6 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 30.0% | 89.6 | IMF | 2026 |
| Interest expense / revenue | Fiscal | 7.7% | 72.9 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -0.5% | 50.0 | IMF | 2026 |
| WGI institutional composite | Institutions | -0.48 | 29.2 | WGI composite | 2024 |
| Real GDP growth | Macro | 2.8% | 41.7 | IMF | 2026 |
| GDP per capita, USD | Macro | $10,960 | 54.2 | IMF | 2026 |
| Inflation stress | Macro | 2.5% | 100.0 | IMF | 2026 |
Score history
Applying the current methodology to historical sources, Peru moves from 64.7 in 2016 to 65.0 in 2026 (+0.2 points over ten years).
Default and restructuring registry
No bond default or restructuring events in the registry window.
Frequently asked questions
What is Peru's sovereign credit score?
Peru scores 65.0/100 on the BT Sovereign Fundamentals Score, ranking 11 of 51 sovereigns covered. The score is built from nine public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Peru USD bond does BondTerminal track?
PERU 8.75 33 (ISIN US715638AP79), the near-5-year USD benchmark, currently 98 bps over Treasuries with a 5.13% yield to worst.
Is Peru trading wide or tight of its fundamentals?
Peru trades 3 bps wide of its fundamentals fit (fitted spread 95 bps).
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.
- Peru bond directory — every Peru USD bond BondTerminal tracks.
- Peru vs Colombia — fundamentals and spreads head to head.
- Peru vs Chile — fundamentals and spreads head to head.
- Peru vs Mexico — fundamentals and spreads head to head.
- Costa Rica — regional peer, BT-SFS 61.0 · 118 bps.
- Trinidad and Tobago — regional peer, BT-SFS 56.8 · 194 bps.
- Uruguay — regional peer, BT-SFS 72.4 · 80 bps.