Fitch: Interbank to positive

Fitch Ratings said it affirmed Banco Internacional del Peru SAA's (Interbank) 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, senior debt at BBB- and junior subordinated debt at BB.

The outlook was revised to positive from stable.

The affirmation of Interbank's ratings reflect its sound retail franchise, focused strategy, good asset quality, adequate capital and reserves, improved liquidity and solid performance through the global crisis, the agency said.

The ratings also consider Interbank's deposit concentration, expected pressure on margins and the risk profile of its rapidly growing loan portfolio and the potential impact of its maturation on credit quality, the agency added.

The outlook revision considers its solid performance through the crisis that saw the bank gain market share and consolidate as a top player in the retail segment while expanding in the corporate market, Fitch said.

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