Fitch rates Intercorp notes BBB-

Fitch Ratings said it assigned a BBB- rating to Intercorp Peru Ltd.'s proposed senior notes.

Intercorp's upcoming proposed senior notes will include a dollar-denominated issuance and local currency-denominated issuance.

Proceeds from the proposed issuances will be used primarily for debt substitution.

Fitch said it views the proposed issuances as neutral for Intercorp's credit quality as its capital structure on a pro forma basis will be in line with expectations already incorporated in the ratings.

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