Peru-based universal bank Banco de Credito del Peru (BCP) has maintained strong credit fundamentals and improvements in capitalization metrics. Although its asset quality metrics are still deteriorating, we expect credit loss levels to remain manageable and in line with the system average. We're affirming our 'BBB+' long-term and 'A-2' short-term issuer credit ratings on the bank. The stable outlook on BCP reflects our view that it will maintain the current level of capitalization amid satisfactory asset quality for the next 24 months. BUENOS AIRES (S&P Global Ratings) March 20, 2018--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
