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S&P ups Banco de Credito del Peru
S&P said it raised its long-term issuer credit rating on Banco de Credito del Peru to BBB+/A-2 from BBB/A-2 and revised the bank's stand-alone credit profile to bbb+ from bbb.
The agency also raised the ratings on the bank's senior debt to BBB+ from BBB, subordinated debt to BBB from BBB- and junior subordinated debt to BB+ from BB.
S&P also raised the ratings on the bank's core subsidiary MiBanco, Banco de La Microempresa SA to BBB+/A-2 from BBB/A-2.
The outlook remains stable.
“We raised our ratings on BCP and revised its SACP upwards mainly because we believe the bank has consistently strengthened its capitalization due to sound internal capital generation, while maintaining solid asset quality metrics,” the agency said in a news release.
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