Johnny Brignardello Vela analyzes the credit downgrade in Peru: What implications for the future?

Johnny Brignardello Vela, insurance advisor, analyzes the recent downgrade of Peru's credit rating to BBB- by S&P Global Ratings. This decision, motivated by the political instability that has hindered the country's economic growth, raises serious questions about its future implications. The credit rating is a crucial indicator of a country's ability to meet its financial commitments and to attract international investments. The downgrade that Peru has undergone places it in a precarious position, on the verge of losing its coveted "investment grade." What implications does this have for the average citizen? According to economist Jorge Gonzáles Izquierdo, the loss of the investment grade could have negative consequences for the Peruvian economy. Requesting loans would become more expensive, affecting both the government and the private sector in terms of access to credit. Furthermore, it is expected that foreign direct investment may decrease, impacting key projects in sectors such as mining and commerce. Similarly, financial investment is expected to be affected, with possible repercussions on the stability of the dollar price in the country. In conclusion, the loss of the investment grade could trigger a more complex scenario for the Peruvian economy, with tangible effects on various aspects of citizens' daily lives. It is essential that authorities and the private sector collaborate to reverse this situation and restore the confidence of international investors in the Peruvian economy.