OREANDA-NEWS. S&P Global Ratings affirmed its 'BBB+' long-term and 'A-2' short-term issuer credit ratings on Scotiabank Peru S. A.A. The outlook on the long-term rating remains stable.

The ratings on Scotiabank Peru reflect its strong business position, given its status as the third-largest financial institution in Peru, adequate capital and earnings (with a forecasted risk-adjusted capital [RAC] ratio of about 8.2% for the next 12-18 months), adequate risk position, average funding and adequate liquidity. The bank's stand-alone credit profile (SACP) remains at 'bbb'.