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Published on 3/21/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

Moody's: Banco de Credito del Peru to positive

Moody's Investors Service said it affirmed the Baa3 long-term foreign-currency deposit rating of Banco de Credito del Peru and changed the outlook to positive from stable.

This follows the same action taken on Peru's sovereign ceiling for foreign-currency deposits as Banco de Crédito del Peru's deposit rating is constrained by that ceiling, Moody's said.

Moody's also said it affirmed the Baa3 long-term foreign-currency deposit rating of Banco Internacional del Peru with a stable outlook. Interbank's deposit rating is not constrained by the deposit ceiling, the agency said.

Banco de Crédito del Peru's and Interbank's local-currency and foreign-currency debt ratings were not affected by this action, Moody's said. The outlook on all of these ratings remains stable.


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