Moodys Investors Service - Scotiabank Peru SA (SCOTIAC1) Scotiabank Peru: Update following rating affirmation

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Moody's Investors Service

EUR 217.56 For Business Accounts Only

Scotiabank Peru: Update following rating affirmation

FINANCIAL INSTITUTIONS CREDIT OPINION 24 October 2017 Update RATINGS Scotiabank Peru Domicile Lima, Peru Long Term Debt Not Assigned Long Term Deposit A3 Type LT Bank Deposits - Fgn Curr Outlook Stable Please see theÂ ratings section Â at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts

24/10/2017 7 EN

Underlying

Scotiabank Peru SA

Scotiabank Peru is a multi-service banking institution engaged in financial operations, including trusts, consulting services, corporate banking, middle market banking, small business banking, personal banking, investment banking and institutional banking. Co.'s activities include receipt of deposits, granting loans and mortgage loans, certificates of deposit, issuing bonds, as well as promissory notes, certificates of deposits and issuance of credit cards, including American Express, MasterCard and Diners Club. As of Dec 31 2011, Co. had total assets of New Soles32,131,215,000 and total deposits of New Soles21,423,211,000.

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PEP140001004 Lima Stock Exchange Peru

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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Scotiabank Peru: Update following rating affirmation

Scotiabank Peru: Scotiabank Peru's Banco Cencosud investment enhances its position in Peru's retail consumer sector, a credit positive

Scotiabank Peru: Update to credit analysis

Moody's Ratings upgrades Shelby County Board of Education, AL's sales and use tax-backed warrants to Aa2

Moody's Ratings assigns initial A1 issuer and GOULT ratings to Mackinaw City School District, MI

Moody's Ratings upgrades Las Cruces, NM's gross receipts tax revenue bonds to Aa2 and Aa3

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