Banco de Credito del Peru 'BBB/A-2' Ratings Affirmed, Outlook Remains Stable

Peru-based universal bank, BCP, has maintained its predominant market position in the highly concentrated Peruvian banking system. Despite asset quality deterioration, we expect credit loss levels to remain manageable and in line with the system's average. We're affirming our 'BBB' long-term and 'A-2' short-term issuer credit ratings on the bank. We expect BCP to maintain adequate capitalization metrics and its leading position in the country with sound operating performance. SAO PAULO (S&P Global Ratings) April 21, 2017--S&P Global Ratings affirmed its 'BBB' long-term and 'A-2' short-term issuer credit ratings on Banco de Credito del Peru (BCP). The outlook remains stable. At the same time, we affirmed all issue-level ratings on the bank's senior unsecured, subordinated, and junior subordinated bonds. The

...+ Peru-based universal bank, BCP, has maintained its predominant market position in the highly concentrated Peruvian banking system. Despite asset quality deterioration, we expect credit loss levels to remain manageable and in line with the system's average. + We're affirming our '###' long-term and 'A-2' short-term issuer credit ratings on the bank. + We expect BCP to maintain adequate capitalization metrics and its leading position in the country with sound operating performance. SAO PAULO (S&P Global Ratings) April 21, 2017--S&P Global Ratings affirmed its '###' long-term and 'A-2' short-term issuer credit ratings on Banco de Credito del Peru (BCP). The outlook remains stable. At the same time, we affirmed all issue-level ratings on the bank's senior unsecured, subordinated, and junior subordinated bonds. The issuer credit rating on BCP continues to reflect its leading position in practically all the business lines in which it operates, with a market share in terms of loans of about...

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