Fitch Affirms Credicorp’s ‘BBB’ Rating with Stable Outlook

An update from Credicorp ( (BAP) ) is now available.

On June 12, 2025, Fitch Ratings affirmed Credicorp Ltd.’s Long Term Foreign Currency rating at ‘BBB’ with a stable outlook. This decision reflects the strong market position and financial stability of its main subsidiary, Banco de Credito del Peru, which also maintained its ‘BBB’ rating. The affirmation underscores Credicorp’s consistent performance, supported by a diversified business model and a solid financial standing, despite challenges such as limited geographical diversification and exposure to foreign currency. The stable outlook suggests confidence in Credicorp’s ability to sustain its current financial health and market leadership.

The most recent analyst rating on (BAP) stock is a Sell with a $160.00 price target. To see the full list of analyst forecasts on Credicorp stock, see the BAP Stock Forecast page.

Spark’s Take on BAP Stock

According to Spark, TipRanks’ AI Analyst, BAP is a Outperform.

Credicorp’s strong profitability and effective equity utilization drive its solid financial performance score. Technical indicators show positive momentum but caution due to overbought signals. Attractive valuation metrics and a favorable earnings call further boost the score. However, challenges in cash flow management and impacts from the Sartor case slightly temper the overall outlook.

To see Spark’s full report on BAP stock, click here.

More about Credicorp

Credicorp Ltd. is a leading financial holding company in Peru, primarily operating through its main subsidiary, Banco de Credito del Peru (BCP). The company offers a diverse range of financial services including banking, insurance, pension, and asset management. BCP is a dominant player in the Peruvian financial market, holding significant market shares in assets and deposits, and is known for its robust business model and solid financial profile.

Average Trading Volume: 340,488

Technical Sentiment Signal: Buy

Current Market Cap: $17.36B

Learn more about BAP stock on TipRanks’ Stock Analysis page.