...Operating Environment a High Influence Factor: Banco Internacional del Peru S.A.A. -- Interbank's (Interbank) IDRs and senior debt ratings are driven by its Viability Rating (VR) or standalone strength. Fitch Ratings believes the operating environment (OE) is a high influence factor for the ratings. In addition, the ratings are highly influenced by the company's profile as the fourth largest universal commercial bank in Peru with market share by assets of 13.2% at YE20, and its leadership in retail banking in the country. The bank's market share in credit cards and consumer loans at YE20 was 27.5% and 22.0%, respectively. Rating Outlook Negative: The Negative Rating Outlook reflects Fitch's view that downside risks from the economic implications of the coronavirus pandemic will continue in 2021. This is expected to continue pressuring performance, especially asset quality and profitability, once relief programs expire due to low business dynamism and deterioration of debtor payment capacity....
