Fitch affirms Cofide

Fitch Ratings said it affirmed the long-term foreign currency issuer default rating of Corporacion Financiera de Desarrollo SA (Cofide) at BBB+.

The outlook is stable.

The agency said the affirmation reflects an unchanged view that the entity would receive support from the Peruvian government, if needed.

Fitch said it takes into account the critical participation of the issuer in implementing development policy, the majority state ownership, as well as the operational and financial synergies with the public administration.

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