Fitch affirms Banco de Credito del Peru

Fitch Ratings said it affirmed Banco de Credito del Peru's long-term foreign-currency issuer default rating at BBB, short-term foreign-currency issuer default rating at F2, long-term local-currency issuer default rating at BBB, short-term local-currency issuer default rating at F2, senior unsecured debt at BBB, subordinated debt at BBB- and junior subordinated debt at BB+.

The outlook is stable.

The agency also said it affirmed BCP Emisiones Latam 1's national senior unsecured long-term rating at AA-(cl).

The bank's ratings reflect its dominant franchise, large market share and sound performance through the economic crisis, Fitch said.

The ratings also consider its systemic importance and the room for progress in its efficiency levels, the agency said.

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