trending Market Intelligence /marketintelligence/en/news-insights/trending/42ZRMDK705KL17ms9Kmb6w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

S&P affirms Cofide's ratings

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


S&P affirms Cofide's ratings

S&P Global Ratings on May 10 affirmed its BBB+/A-2 ratingon Corporación Financiera de DesarrolloSA.

The outlook is stable, S&P said.

The ratings reflect the development bank's stand-alone creditprofile of "bbb" and S&P's view of a high likelihood that Peru wouldprovide extraordinary and timely support to the bank in the event of financial distress.

The high likelihood of support is based on the bank's role aspromoter and source of financing for investments and public and private infrastructureprojects in Peru, as well as a very strong link with the government, which owns99% of the bank.

S&P Global Ratingsand Global Market Intelligence are owned by S&P Global Inc.