Ratings On Nine Peruvian Financial Institutions Affirmed Under Revised Criteria, Outlook Remains Negative

On Dec. 9, 2021, S&P Global Ratings published its revised criteria for financial institutions. We have reviewed our ratings on nine financial institutions in Peru under our revised criteria. We have affirmed the ratings on these banks, and the outlooks are unchanged. SAO PAULO (S&P Global Ratings) Dec. 15, 2021--S&P Global Ratings affirmed its issuer credit and issue-level ratings on the following financial institutions. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Ratings Methodology," and "Banking Industry Country Risk Assessment Methodology And Assumptions," both published Dec. 9, 2021). The rating affirmations occurred on the following entities: Banco de Credito del

...December 15, 2021 - On Dec. 9, 2021, S&P Global Ratings published its revised criteria for financial institutions. - We have reviewed our ratings on nine financial institutions in Peru under our revised criteria. - We have affirmed the ratings on these banks, and the outlooks are unchanged. SAO PAULO (S&P Global Ratings) Dec. 15, 2021--S&P Global Ratings affirmed its issuer credit and issue-level ratings on the following financial institutions. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Ratings Methodology," and "Banking Industry Country Risk Assessment Methodology And Assumptions," both published Dec. 9, 2021). The rating affirmations occurred on the following entities: - Banco de Credito del Peru (BCP; ###+/Negative/A-2); - MiBanco, Banco de La Microempresa S.A.(MiBanco; ###+/Negative/A-2); - Credicorp Ltd. (###/Negative/--); -...

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