Moody's rates Banco De Crédito Del Perú local currency deposits Baa2

Moody's Investors Service said it assigned long- and short-term global local currency deposit ratings of Baa2 and Prime-2, respectively, to Banco de Crédito del Perú.

At the same time, Moody's affirmed the bank's B1 and Not Prime long- and short-term foreign currency deposit ratings.

All the ratings have a stable outlook.

According to Moody's, the bank's Baa2 long term global local currency deposit rating is supported by the bank's leading retail deposit market share in Peru and the agency's view that the bank would potentially have high access to institutional support for local currency deposits in situations of high stress. The rating was, therefore, assigned at one notch below Peru's Baa1 long-term local currency deposit ceiling.

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