News
Jun-04-2026
S&P affirms Petroperu's rating and removes the special review maintained since 2025
S&P Global Ratings has removed Petroperu from the CreditWatch with negative implications it had been placed under since December 2025, while affirming its 'B-' credit rating. This decision reflects greater short-term certainty and recognizes progress in the company's stabilization process, allowing Petroperu to remain focused on implementing its reorganization plan despite the ongoing challenges inherent to this transformation.
In its report, the rating agency highlighted Petroperu's financial flexibility to meet its short-term debt obligations, as well as the positive impact of Urgency Decree No. 003-2026 recently issued by the Government in May 2026. This measure includes government support through a financial Special Purpose Vehicle (SPV) of up to US$ 2 billion, aimed at ensuring operational continuity, funding working capital, and guaranteeing fuel supply nationwide.
Additionally, the rating agency underscored Petroperu's strategic role, emphasizing its critical importance for national energy security and the distribution of fuels throughout the country.
Within this framework, the report notes that government backing and the measures adopted help sustain operational continuity while actions focused on the company's mid- and long-term recovery are being implemented. The full report can be reviewed at the following link:
