Fitch affirms Banco de Credito del Peru

Fitch Ratings said it affirmed the following Banco de Credito del Peru ratings: foreign currency long-term issuer default rating at BBB-, foreign currency short-term issuer default rating at F3, local currency long-term issuer default rating at BBB-, local currency short-term issuer default rating at F3, subordinated debt at BB+, individual at C/D, support at 3 and support floor at BB-.

The outlook is stable.

Fitch said that the bank's ratings reflect its dominant franchise, important market share across all business segments, diversified revenue, broad, low cost deposit base, diversified loan portfolio, improved asset quality and adequate reserve coverage.

The ratings highlight the systemic importance, improving efficiency, strong performance and the depth and breadth of its management, Fitch added.

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