...Company Profile: Intercorp Financial Services, Inc. (IFS) is a non-operating Panamanian holding company, subsidiary of Intercorp Peru (Intercorp; rated BBB¡/Negative by Fitch Ratings), a Bahamas holding company. IFS subsidiaries include Banco Internacional del Per· S.A.A. (Interbank; rated BBB/Negative by Fitch), Peru's fourth-largest universal commercial bank; Interseguro Compa±ia de Seguros S.A. (Interseguro), one of Peru's largest insurers; and Inteligo Group Corp., a Panamanian offshore private bank catering to Peruvian clients. Interbank on Negative Rating Outlook: On April 21, 2020, Fitch Ratings affirmed Interbank's Long-Term Issuer Default Ratings (IDRs) at 'BBB'. The Rating Outlook was revised to Negative from Stable due to increased downside risks from the economic implications of the coronavirus pandemic. Fitch believes the weaker economic conditions reflected in the expected contraction of the economy by 4% in 2020 will likely result in asset quality deterioration and will weigh...
