...IDRs Supported by Parent: Banco de Credito de Bolivia S.A.'s (BCP Bolivia) Issuer Default Ratings (IDRs) and Shareholder Support Rating (SSR) reflect the high propensity of support from its parent, Credicorp Ltd. (BBB+/Stable), if required. Fitch Ratings views BCP Bolivia as a strategically important subsidiary for Credicorp because it is an integral part of the group and contributes to the parent's geographical diversification. Fitch believes the parent's commitment to its subsidiary is likely to survive a sovereign default and that government restrictions preventing the bank from servicing its obligations are unlikely to be imposed. BCP Bolivia's Foreign-Currency IDR is capped by Bolivia's Country Ceiling of 'B-', which Fitch affirmed on Jan. 16, 2025. Country Ceiling captures transfer and convertibility risks and constrains Fitch's assessment of the ability of the shareholder to support its subsidiary. The Local-Currency Long-Term IDR has a two-notch uplift from the sovereign rating,...
