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Published on 8/28/2019 in the Prospect News Emerging Markets Daily.

Fitch rates Banco de Credito del Peru notes BBB+

Fitch Ratings said it assigned an expected BBB+ rating to Banco de Credito del Peru SA’s planned sale of senior fixed-rate notes. The notes will carry the same rating as the bank’s and will be equal in right of payment with all the bank’s existing and future senior unsecured debt.

Dollar-denominated and Peruvian sol notes will be sold. Amounts and tenors are to be set, Fitch said.

Proceeds will be used to replace current bonds and for general corporate purposes.


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