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S&P cuts Peru issuers
S&P said it downgraded six Peruvian financial institutions operating in the country following the action on the sovereign.
On Thursday, the agency downgraded Peru’s lowered its long-term sovereign ratings on Peru–foreign currency to BBB- from BBB and local currency to BBB from BBB+.
The institutions are Credicorp Ltd., Banco de Credito del Peru, MiBanco Banco de La Microempresa SA, Scotiabank Peru SAA, Banco BBVA Peru, and Intercorp Financial Services Inc.
The outlook for all the issuers is stable.
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