... Banco de Credito del Peru's (BCP) Issuer Default Ratings (IDR) are driven by its VR of 'bbb+'. Fitch Ratings believes the operating environment highly influences the ratings. The bank's ratings are also highly influenced by 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 34% by total assets and 33% by loans and customer deposits. It enjoys leadership in all major segments and products. Asset Quality Stabilization: The bank's conservative underwriting, sound risk controls and profile support its strong asset quality. BCP's consolidated loan quality ratios remained stable during 2019 even under low loan growth. Consolidated past-due loans (PDLs) greater than 90 days totaled 2.4% at YE19, up from 2.3% at YE18. Fitch believes asset quality metrics and underwriting standards will be tested under current stressed conditions....
