Fitch views Intercorp Peru negatively

Fitch Ratings said it revised the outlook on Intercorp Peru Ltd. to negative from stable and affirmed the long-term foreign- and local-currency issuer default ratings at BBB-.

“The negative outlook reflects those of its main subsidiary, Intercorp Financial Services (IFS; BBB-/negative) which is a material source of dividends to the holding company,” the agency said in a press release.

Fitch revised its outlook for Peru to negative from stable in October, citing “A deterioration in political stability and government effectiveness has increased downside risks to Peru's ratings.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.