Bulletin: Peru's Banking Economic Risk Trend Is Stabilizing On Sector's Resilience To Economic Adversities

BUENOS AIRES (S&P Global Ratings) Dec. 17, 2024--Following a review of the Banking Industry Country Risk Assessment (BICRA) for Peru (foreign currency: BBB-/Stable/A-3; local currency: BBB/Stable/A-2), S&P Global Ratings revised its economic risk trend to stable from negative. Additionally, we adjusted certain industry risk aspects of BICRA, though our industry risk score remains unchanged and the industry risk trend is still stable. After our review, our group classification for the Peru BICRA remains unchanged at '5', with an anchor rating for banks operating solely in the country at 'bbb-'. (Our BICRAs are on a scale from '1' to '10', where '1' indicates the lowest risk and '10' the highest.) The changes to our assessments of BICRA factors did not affect

...Peru To From Economic risk 6 6 Economic resilience High risk High risk Economic imbalances Low risk Low risk Credit risk in the economy Very high risk Very high risk Industry risk 3 3 Institutional framework Intermediate risk Low risk Competitive dynamics Low risk Intermediate risk Systemwide funding Intermediate risk Intermediate risk Economic risk trend Stable Negative Industry risk trend Stable Stable...

Bulletin