Fitch rates Banco de Credito e Inversiones bonds A-

Fitch Ratings said it assigned an expected long-term foreign currency rating of A-(exp) to Banco de Credito e Inversiones' CHF 150 million four-year senior unsecured fixed-rate bonds.

The rating assigned to bank’s new debt issuance corresponds to the bank's long-term issuer default rating and ranks equal to its other senior unsecured debt.

Fitch said the bank’s viability rating and issuer default ratings reflect its strong domestic franchise, sound balance sheet and liquidity management, adequate capital base and credit quality, more diversified funding sources and its stable profitability through the cycle.

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