...On 25 May 2021, we affirmed Banco de la Naci=n's A3/P-2 long- and short-term local- and foreign-currency deposit ratings in line with our assessment of the bank as government- backed by the Government of Peru (A3 negative) because of its ownership by the Peruvian Ministry of Economy and Finance and role as the financial agent for Peruvian government. Our affirmation of ratings also took into consideration that Banco de la Naci=n's baa2 baseline credit assessment will continue to benefit from low assets risks, strong profitability, high holdings of liquid assets, and ample capitalization, that offset the risks stemming from a highly concentrated deposit funding mix, limited business diversification, and a performance that is tied to the policies of the national government. We nevertheless on that same date changed the outlook on the bank's ratings to negative, from stable, because the outlook change on the A3 sovereign ratings of the Government of Peru, in line with our expectation that...