S&P affirms Intercorp

S&P said it affirmed its BBB- long-term corporate credit and issue-level ratings on Intercorp Peru Ltd. and removed the ratings from CreditWatch negative, where they were placed on Jan. 31.

The outlook is stable.

At the same time, the agency affirmed the BBB-/A-3 ratings on Intercorp Financial Services Inc. and removed them from CreditWatch negative.

The outlook is stable.

S&P said the actions reflect that Intercorp will continue to receive a predictable and stable dividend stream mainly from Intercorp Financial Services, its most important asset, which contributes about 90% of Intercorp's total dividends.

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