Strong business position within the Peruvian financial system; Adequate quality of earnings and earnings capacity; and Peru's good economic prospects will continue to support the bank's credit growth in the coming years. Although declining, still high dollarization on its balance sheet; and Asset quality remains adequate but its increased penetration in the consumer segment and a Peruvian currency depreciation could pressure our risk position assessment. The stable outlook on Peru-based universal bank Banco de Credito del Peru (BCP) reflects our expectation that the bank will maintain its strong market presence in almost all the business lines in which it operates. It also incorporates our view that credit losses and nonperforming assets (NPAs) could increase over the next 12 months as
