Peru Banks Ratings Placed On Review

Banco de Credito del Perú and BBVA Banco Continental have benefited from the improving conditions of the sovereign rating of the Republic of Peru and have both had their Moody’s B1 long-term foreign currency deposit ratings placed on review for possible upgrade. The Agency also placed on review for possible upgrade the Ba2 rating for the $120 million in subordinated notes maturing in 2021 issued by Banco de Credito del Perú’s Panama branch.