Moody's gives Petroperú a stable outlook

The international credit rating agency Moody's Ratings (Moody's) has assigned Petroperú a long-term debt issuer rating of 'B3' (equivalent to 'B-' on the S&P Global Ratings and Fitch Ratings scales) with a stable outlook, highlighting its importance in the Peruvian market and its key role in fuel supply in Peru.

Moody's notes that Petroperú maintains a significant position in the local market, with a refining capacity that represents 55% of the national total. The agency highlights that the company has implemented strategies to strengthen its competitiveness and expand its presence, optimizing the operations of the New Talara Refinery, improving its commercial positioning, and consolidating its network of approximately 700 affiliated service stations throughout the country.

Furthermore, Moody's anticipates that Petroperú's product mix, with 78% of its production focused on gasoline and diesel, will contribute to improving its financial indicators. EBITDA is expected to recover in 2025 and continue to rise through 2027. Furthermore, the agency emphasizes that production optimization will allow for stronger operating margins in the coming years.

"The company's operating and financial outlook is positive, and the main lines of work and objectives for this year are framed within this path. The commitment of the current Board of Directors is reflected in decision-making that benefits the company, and this is being proven in the results it has been achieving," said Alejandro Narváez Liceras, Chairman of the Board of Directors of Petroperú.

Moody's, in its first public rating of Petroperú, also highlights government support as a key factor in the rating, due to the strong ties with the company and its strategic importance for the country.

The company projects net income of USD 137 million by the end of 2025 and seeks to consolidate a 38% market share, thus reinforcing its operational and financial sustainability strategy. In this context, Petroperú is advancing its comprehensive transformation process, fulfilling its financial commitments and strengthening its operational and commercial performance.