S&P on Tuesday raised Peru’s credit status a notch, from BBB- to BBB, saying it expects the new government to keep its policies flexible to support economic growth.

Indacochea, founder of the Business Center of the Pontifica Universidad Catolica del Peru (Centrum), said that the upgrade was also due to the good signals sent by President Ollanta Humala’s government when guaranteeing growth with a solid budget.

"This rating is a positive thing, especially in a period of international crisis. I think it's a good sign for investment but more important is the credibility and confidence that the government may give with additional measures," he told Andina news agency.

He noted that it is "a rating that allows us to be in privileged countries, there are mutual funds that can only place their resources in places that have investment grade ratings. The higher the grade, the more attractive; therefore, it will allow us to be suitable for them. "