Moody's downgrades BCR

Moody's downgrades BCR

Bolivia Corporate & Sovereign Strategy

Moody's said it has downgraded Banco de Credito de Bolivia's (BCR) long-term local currency deposit rating to Ba2 from Ba1 and changed its outlook from stable to negative. The rating agency said the downgrade followed a change in the bank's ownership structure. Its former parent company Banco de Credito del Peru (BCP) transferred 95.84% of its ownership to holding company Inversiones Credicorp Bolivia S.A. (ICBSA). The transfer was done in order to comply with Bolivian financial regulatory

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