Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Peru Enhanced Pass-Through Finance LimitedGlobal Credit Research - 10 Feb 2022New York, February 10, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Peru Enhanced Pass-Through Finance Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 8 February 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.Key rating considerations are summarized below.The credit quality of the notes of Peru Enhanced Pass-Through Finance Limited is directly a result of the Note's structure and the rating of the Government of Peru ("GOP", Baa1). The ultimate source of repayment is the unconditional payment certificates ("CRPAOs") issued by the GOP. All the related CRPAOs pledged to the payment of the notes were purchased when the toll road construction was completed. The payment of debt service on the notes depends entirely on the payment of the CRPAOs by the Ministry of Transportation and Communication ("MTC") of the GOP and is completely delinked from the performance of the toll road.This document summarizes Moody's view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.The principal methodology used for this review was Generic Project Finance Methodology published in January 2022. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.This announcement applies only to EU rated, UK rated, EU endorsed and UK endorsed ratings. Non EU rated, non UK rated, non EU endorsed and non UK endorsed ratings may be referenced above to the extent necessary, if they are part of the same analytical unit.This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history. Roxana Munoz Asst Vice President - Analyst Project & Infrastructure Finance Moody's de Mexico S.A. de C.V Ave. Paseo de las Palmas No. 405 - 502 Col. Lomas de Chapultepec Mexico, DF 11000 Mexico JOURNALISTS: 1 888 779 5833 Client Service: 1 212 553 1653 Cristiane Spercel Senior Vice President/Manager Project & Infrastructure Finance JOURNALISTS: 0 800 891 2518 Client Service: 1 212 553 1653 Releasing Office: Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. 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