Fitch Ratings Elaborates on 'BBB+' Upgrade for Credicorp
BAP sits 74% above its 52-week low of $216.51.
Summary
Credicorp Ltd. released the full Fitch Ratings report, detailing the rationale behind its recent credit rating upgrade to 'BBB+' with a Stable Outlook, citing strong financial health and strategic positioning.
Key Events · Financing and Capital Events · BAP
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Credit Rating Upgrade Detailed
Fitch Ratings released its full report, elaborating on the upgrade of Credicorp's Long-Term Foreign Currency rating to 'BBB+' from 'BBB' with a Stable Outlook, previously announced on June 8, 2026.
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Strong Financial Profile Confirmed
The report cites Credicorp's low double leverage (99.6% at YE 2025), strong liquidity management, and consistent performance of its main subsidiary, Banco de Crédito del Perú, as key drivers for the upgrade.
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Strategic Strengths Highlighted
Fitch noted Credicorp's position as the largest financial holding company in Peru with leading market positions across various financial services and a strong corporate strategy focused on financial inclusion and digital transformation.
Analysis · BAP · Finance
This filing provides the detailed Fitch Ratings report, elaborating on the previously announced upgrade of Credicorp's long-term credit rating to 'BBB+' with a Stable Outlook. The report highlights the company's strong financial profile, including low double leverage, robust liquidity management, and consistent performance from its subsidiaries, particularly Banco de Crédito del Perú. This detailed positive assessment reinforces investor confidence and could lead to improved borrowing terms.
At the time of this filing, BAP was trading at $377.05 on NYSE in the Finance sector, with a market capitalization of approximately $29.9B. The 52-week trading range was $216.51 to $398.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.