Fitch Ratings has published a new report, 'Peer Review: Peruvian State Banks' following a peer review of the international scale ratings of four state-owned financial institutions in Peru. The report is available on Fitch's website at 'www.fitchratings.com' or by clicking on the link.
The report highlights the propensity and capacity of the state to support the state banks, should it be necessary. Although these institutions do not benefit from an explicit state guarantee, Fitch considers the possibility of sovereign support to be strong given the government's ownership, and the key roles played by these institutions in financing government operations, filling gaps in private sector services, and carrying out the government's economic development strategy in agriculture, housing and infrastructure. The government's ability to provide such support is reflected in its Sovereign rating of 'BBB+/A-'.
Additional information is available on www.fitchratings.com
Related Research:
'Peru: Full Rating Report' (October 9, 2015);
'Banco Agropecuario' (November 12, 2015);
'Banco de la Nacion' (November 12, 2015);
'Corporacion Financiera de Desarrollo S.A.' (October 16, 2015);
'Fondo Mivivienda S.A.' (October 14, 2015)
Peruvian State Banks
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=876060
Related Research
Banco Agropecuario
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=872487
Banco de la Nacion
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=873325
Corporacion Financiera de Desarrollo
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=872563
Fondo Mivivenda
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=872311
Peru
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=872060
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