... Banco de Credito del Peru's (BCP) Issuer Default Ratings (IDRs) are driven by its Viability Rating (VR) of `bbb+'. The bank's ratings are highly influenced by the operating environment and its leading franchise and well- diversified business model. Leading Franchise: BCP is the largest bank in the Peruvian financial system. It shows a consolidated market share of 35% by total assets, and 33% by loans and customer deposits. It enjoys leadership in all major segments and products, including wholesale banking, SME, microfinance, consumer, credit cards, mortgages, demand deposits, savings and time deposits. Solid Asset Quality: The bank's conservative underwriting, sound risk controls and profile support its strong asset quality. BCP's consolidated loan quality ratios improved during 2018, a similar trend to that of the system. Consolidated PDL greater than 90 days declined to 2.2% at YE18 from 2.5% at YE17. In addition, BCP's loan loss reserves...
