Fitch revises Credicorp view to stable

Fitch Ratings said it revised its outlook for Credicorp Bank, SA to stable from negative and affirmed its ratings, including the AA(pan) rating on its $150 million of senior unsecured notes.

“The outlook revision to negative follows the stronger and quicker-than-expected financial performance recovery in the fiscal year 2023, compared to the relatively weak figures reports in 2022. Fitch's earnings and profitability, and capitalization and leverage rating factors were revised to stable from negative after profitability core metrics rapidly recovered to pre-pandemic levels,” the agency said in a press release.

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