Banco de Credito del Peru 'BBB' Rating On Its Subordinated Bonds Remains Unchanged After The $200 Milion Add-On - S&P Global Ratings’ Credit Research

Banco de Credito del Peru 'BBB' Rating On Its Subordinated Bonds Remains Unchanged After The $200 Milion Add-On

Banco de Credito del Peru 'BBB' Rating On Its Subordinated Bonds Remains Unchanged After The $200 Milion Add-On - S&P Global Ratings’ Credit Research
Banco de Credito del Peru 'BBB' Rating On Its Subordinated Bonds Remains Unchanged After The $200 Milion Add-On
Published Jan 15, 2014
Published Jan 15, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MEXICO CITY (Standard&Poor's) Jan. 15, 2014--Standard&Poor's Ratings Services said today that its 'BBB' rating on Banco de Credito del Peru's (BCP; BBB+/Stable/A-2) subordinated bonds due April 24, 2017, remains unchanged following an add-on of up to $200 million. The aggregate amount of these notes will be up to $720 million. "The one-notch difference between the issue and issuer credit ratings reflects the bond's nondeferrable characteristics. In addition, we are giving minimal equity content because these bonds--considered as Tier 2 by the Peruvian regulator--don't have characteristics of a going-concern contingent capital, in our view," said Standard&Poor's credit analyst Arturo Sanchez. The rating on these bonds also reflects their subordination in right of payment with all

  
Report Type:

Ratings Action

Ticker
BCP/C@PE
Issuer
Banco de Credito del Peru
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Peru
Region
Latin America
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Banco de Credito del Peru 'BBB' Rating On Its Subordinated Bonds Remains Unchanged After The $200 Milion Add-On" Jan 15, 2014. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Banco-de-Credito-del-Peru-BBB-Rating-On-Its-Subordinated-Bonds-Remains-Unchanged-After-The-200-Milion-Add-On-1243486>
  
APA:
S&P Global Ratings’ Credit Research. (). Banco de Credito del Peru 'BBB' Rating On Its Subordinated Bonds Remains Unchanged After The $200 Milion Add-On Jan 15, 2014. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Banco-de-Credito-del-Peru-BBB-Rating-On-Its-Subordinated-Bonds-Remains-Unchanged-After-The-200-Milion-Add-On-1243486>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.