MEXICO CITY (Standard&Poor's) June 5, 2014--Standard&Poor's Ratings Services assigned its 'BBB+' issue-level rating to Peru-based universal bank Banco de Credito del Peru's (BCP; BBB+/Stable/A-2) senior notes of up to $391 million due January 2018. "The rating on the notes is the same as the BCP's long-term issuer credit rating, reflecting its pari passu raking in right of payment with all of the bank's other unsecured obligations, except for certain obligations which by their terms or by law are granted a preferential treatment," said Standard&Poor's credit analyst Arturo Sanchez. The newly issued notes will be exchanged for the $365 million 4.75% senior notes that mature on March 16, 2016. We view this exchange as beneficial
