Peru — Sovereign Signal
BT-SFS 63.9/100 · BBB · 93bps over Treasuries
Score and market snapshot
Peru trades 1bps tight of its fundamentals fit (fitted spread 94bps).
| Field | Value |
|---|---|
| BT-SFS | 63.9 / 100 |
| Rank | 8 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 | 93bps |
| Yield to worst (S.A.) | 6.05% |
| Duration | 5.3y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 72.0 |
| External | 68.4 |
| Macro | 45.6 |
| Institutions | 66.2 |
The ten metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Reserves, months of imports | External | 10.4 mo | 68.4 | World Bank | 2025 |
| General government debt / GDP | Fiscal | 30.0% | 75.0 | IMF | 2026 |
| FX public debt / GDP | Fiscal | 12.6% | 81.6 | World Bank/IMF QPSD | 2026 |
| Net interest / revenue | Fiscal | 7.7% | 77.7 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -0.5% | 52.6 | IMF | 2026 |
| Governance (WGI GE + RQ) | Institutions | 53.5 | 45.7 | WGI | 2025 |
| Inflation track record | Institutions | 3.2% | 96.9 | IMF | 1997–2026 (h=10) |
| Real GDP growth, centred 3-year | Macro | 3.0% | 42.2 | IMF | 2025–2027 |
| GDP per capita, USD | Macro | $10,960 | 72.7 | IMF | 2026 |
| Growth volatility, 10-year | Macro | 5.6pp | 11.9 | IMF | 2016–2025 |
Score history
Applying the current methodology to historical sources, Peru moves from 68.0 in 2016 to 63.9 in 2026 (-4.1 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 63.9/100 on the BT Sovereign Fundamentals Score, ranking 8 of 51 sovereigns covered. The score is built from ten 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 93bps over Treasuries with a 6.05% yield to worst (S.A.).
Is Peru trading wide or tight of its fundamentals?
Peru trades 1bps tight of its fundamentals fit (fitted spread 94bps).