...+ Peru-based development bank Corporacion Financiera de Desarrollo S.A. (COFIDE) has maintained its significant role in funding domestic infrastructure projects, its "very strong" link with the government, and its stand-alone credit profile (SACP) of ###+. + We are affirming our '###+/A-2' issuer credit ratings on COFIDE. + The stable outlook reflects our view that the ratings on COFIDE will likely move in tandem with those on the sovereign if the bank's SACP remains at '##+' or above. SAO PAULO (Standard & Poor's) June 8, 2015--Standard & Poor's Ratings Services affirmed its '###+/A-2' rating on Corporacion Financiera de Desarrollo S.A. (COFIDE). The outlook is stable. COFIDE is the second-largest government-owned bank in Peru; it is a development bank mainly focused on infrastructure projects. We view the bank's business position as "adequate," reflecting its role in supporting Peru's crucial infrastructure needs. Its key role as the only development bank in Peru bolsters our view of...
