Fitch Ratings Updates Credicorp Ltd. and Banco de Credito del Peru
Ticker: BAP · Form: 6-K · Filed: Nov 14, 2024 · CIK: 1001290
| Field | Detail |
|---|---|
| Company | Credicorp Ltd (BAP) |
| Form Type | 6-K |
| Filed Date | Nov 14, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: rating-update, credit-rating, material-event
Related Tickers: CCOR
TL;DR
Fitch Ratings updated Credicorp's ratings on Nov 13th.
AI Summary
On November 13, 2024, Fitch Ratings updated its assessment of Credicorp Ltd. and its subsidiary Banco de Credito del Peru. The report details the rating actions and rationale for these entities.
Why It Matters
Fitch Ratings' updates can influence investor confidence and the cost of borrowing for Credicorp Ltd. and its subsidiaries.
Risk Assessment
Risk Level: low — This filing is an informational update from a credit rating agency and does not contain new financial performance data or significant operational changes.
Key Players & Entities
- Credicorp Ltd. (company) — Subject of the rating update
- Banco de Credito del Peru (company) — Subsidiary of Credicorp Ltd., also subject to rating update
- Fitch Ratings (company) — Credit rating agency providing the update
- November 13, 2024 (date) — Date of Fitch Ratings' update
- November 2024 (date) — Reporting period for the 6-K filing
FAQ
What specific rating actions did Fitch Ratings take for Credicorp Ltd. and Banco de Credito del Peru?
The filing states that Fitch Ratings released an update, but the specific rating actions are not detailed within this 6-K document itself. Further details would be in the Fitch Ratings report.
When was the update from Fitch Ratings released?
Fitch Ratings released the update on November 13, 2024.
What is the primary purpose of this Form 6-K filing?
This Form 6-K is filed to notify the SEC of a Material Event, specifically the rating update from Fitch Ratings concerning Credicorp Ltd. and its subsidiary.
Does Credicorp Ltd. file annual reports under Form 20-F or 40-F?
Credicorp Ltd. indicates it files annual reports under Form 20-F.
Where is Credicorp Ltd.'s principal executive office located?
Credicorp Ltd.'s principal executive office is located at Clarendon House, 2 Church Street, Hamilton, DO, HM CX.
Filing Stats: 406 words · 2 min read · ~1 pages · Grade level 15.9 · Accepted 2024-11-14 17:30:14
Filing Documents
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- ef20038699_ex99-1.htm (EX-99.1) — 214KB
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- 0001140361-24-046999.txt ( ) — 452KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of November 2024 Commission File Number: 001-14014 CREDICORP LTD. (Translation of registrant's name into English) Of our subsidiary Banco de Credito del Peru: Calle Centenario 156 La Molina 15026 Lima, Peru (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____ November 14, 2024 Securities and Exchange Commission - SEC Re.: MATERIAL EVENT Dear Sirs: We hereby notify you as a Material Event that on November 13, 2024, Fitch Ratings released an update of Credicorp Ltd.'s (Credicorp) credit rating report that changed the outlook from negative to stable and maintained the credit rating of Credicorp at BBB'. The information in this Form 6-K regarding the rating of Fitch Ratings has been disclosed in Peru in conformity with Peruvian law (Article 30 of the Capital Markets Law, approved by Supreme Decree 020-2023-EF, and by the Regulation of the Disclosure of Material Events and Reserved Information approved by Resolution 005-2014-SMV/01 of the Peruvian Capital Markets Superintendency). The ratings of Fitch Ratings do not necessarily represent the opinion of Credicorp, nor should they be seen as a recommendation to buy shares or any other securities of Credicorp. Credicorp accepts no liability for the completeness, timeliness, accuracy or selection of such information. The information in this Form 6-K (including any exhibit hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act') or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act. Sincerely, /s/ Guillermo Morales Authorized Representative Credicorp Ltd. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: November 14, 2024 CREDICORP LTD. (Registrant) By: /s/ Guillermo Morales Guillermo Morales Authorized Representative