Strong business position within the Peruvian financial system as the largest bank in the country; Sound operating performance and track record in the country; and Adequate capitalization Still-high dollarization in its balance sheet due to the high portion of corporate companies; and Asset quality metrics deteriorated as a consequence of its exposures to the SME, microcredit, and consumer segments, although we see signs of stabilization. The stable outlook on BCP reflects our view that it will maintain its leading position in the country, sound operating performance, and adequate capitalization and asset quality metrics. A downgrade is possible in the next 18-24 months, if the bank's SACP drops two notches or more. If the drop is only one notch, the bank's
