Fitch rates Intercorp Financial BBB

Fitch Ratings said it assigned BBB long-term foreign and local currency issuer default ratings to Intercorp Financial Services Inc. (IFS).

The outlook is stable.

Intercorp Financial is the Panamanian holding company of Banco Internacional del Peru SAA (Interbank), Peru's fourth largest bank.

“The ratings assigned to IFS reflect the business and financial profiles of its subsidiaries, particularly its main operating subsidiary, Interbank (long-term issuer default ratings BBB+/stable), which has a strong franchise and consistent financial performance. IFS owns 99.3% of Interbank, which represents approximately 80% of consolidated assets before eliminations,” Fitch said in a news release.

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