Fitch gives Intercorp Peru notes BBB-

Fitch Ratings said it assigned a BBB- expected rating to Intercorp Peru Ltd.'s proposed local-currency denominated senior unsecured notes.

The outlook is stable.

Proceeds are expected to be used entirely to refinance debt.

Fitch currently rates Intercorp as follows: foreign currency issuer default rating BBB-, local currency issuer default rating BBB- and proposed dollar-denominated senior unsecured notes BBB- (expected).

Intercorp's credit ratings reflect the company's diversified portfolio of operations, solid and leading market position in most of the industries in which it participates, positive medium-term outlook growth related to its core businesses; and its business strategy supported by the integration of financial, retail, and real estate networks oriented to attend growing needs of Peruvian consumers, the agency said.

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