S&P rates Banco de Credito e Inversiones notes A

S&P said it assigned an A rating to Banco de Credito e Inversiones’ CHF 100 million senior unsecured medium-term notes due 2029.

“The rating on the notes reflects their pari passu ranking with the bank’s other senior unsecured debt obligations, and as a result, I’'s the same as the long-term issuer credit rating on the bank. The notes only represent about 0.2% of BCI’s total funding base, and therefore we don't expect the issuance to change our view of the bank’s funding profile,” said S&P in a press release.

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