S&P rates Intercorp Peru notes BBB-

S&P said it rated Intercorp Peru Ltd.’s prospective notes for up to $375 million and sol-denominated notes for up to S/.250 million BBB-.

S&P also affirmed the BBB- issuer credit rating and BBB- rating on the company’s $250 million of senior unsecured notes due 2025 and S/.298 million senior unsecured notes due 2030.

“The stable outlook reflects our expectation that Intercorp's portfolio mix will generally remain focused on financial services and retail, and growth at its main two subsidiaries won't result in significantly higher debt,” the agency said in a news release.

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