S&P Lowers the rating of 5 Peruvian Banks

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tupacperu
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S&P Lowers the rating of 5 Peruvian Banks

Postby tupacperu » Tue Sep 08, 2015 4:05 pm

S & P lowers rating five Peruvian banks

Tuesday, 08 September 2015, 15:45
The Agency notes that companies now face tougher operating conditions, which weakens their profits and the quality of their assets.
S & P lowers rating five Peruvian banks

Rating agency Standard & Poor's (S & P) downgraded the note of five banks Peruvian facing tougher conditions in the current economic climate.

In particular, S & P lowered the rating of the Bank's credit of the Peru (BCP), inter-American Bank Finance (BanBif), BBVA Banco Continental, MiBanco and International Bank of Peru (Interbank)

Meanwhile, he confirmed the rating of debt with stable Outlook for Scotiabank, Development Finance Corporation (Cofide) and fund Mivivenda.
http://m.gestion.pe/movil/empresas/sp-b ... os-2142215


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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby Sergio Bernales » Thu Oct 01, 2015 1:24 am

I imagine all the recent mining protests might also affect the credit rating if there's less investment, less hard currency, coming into the country.

http://www.ft.com/cms/s/0/528f72f8-4b3f ... 77189.html
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby mrsteak » Sat Jan 27, 2018 2:41 pm

It will still take a while for the banks here to collapse, however such news only confirms the direction where this country is headed for. Major US rating agencies derating 3 biggest banks in Peru means globalists aim Peru as new target and this should always call your attention. Unfortunately these people make the "rules" and Peru will be obliged to follow. I doubt ever the majority of Peruvians realize what is going on in their own country. They just happily get their loans at 12% and work hard to pay these mortgages. It will be here more painful than in other countries.
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby toughrider » Thu Feb 08, 2018 5:30 pm

mrsteak wrote:They just happily get their loans at 12% and work hard to pay these mortgages. It will be here more painful than in other countries.


12%. In Europe, you be called a fool in you pay more than 2% interest on your mortgage.
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby adrian Thorne » Thu Feb 08, 2018 11:30 pm

toughrider wrote:
mrsteak wrote:They just happily get their loans at 12% and work hard to pay these mortgages. It will be here more painful than in other countries.


12%. In Europe, you be called a fool in you pay more than 2% interest on your mortgage.



Must be a lot of fools in Europe. Including Begium:https://www.statista.com/statistics/615037/mortgage-interest-rate-europe/
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby jumpinjack » Fri Feb 09, 2018 4:49 pm

Why didn't you yell "CHEECH"? Kinda fell on your face the last time, didn't ya. Did you ever apologize?
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby jumpinjack » Fri Feb 09, 2018 4:54 pm

jumpinjack wrote:Why didn't you yell "CHEECH"? Oh!! Kinda fell on your face the last time, didn't ya. Did you ever apologize?
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby toughrider » Fri Feb 09, 2018 6:30 pm

adrian Thorne wrote:
toughrider wrote:
mrsteak wrote:They just happily get their loans at 12% and work hard to pay these mortgages. It will be here more painful than in other countries.


12%. In Europe, you be called a fool in you pay more than 2% interest on your mortgage.



Must be a lot of fools in Europe. Including Begium:https://www.statista.com/statistics/615037/mortgage-interest-rate-europe/


According to that 'whoever made up that website' the highest rate is still only 4.4% in Poland. That's still far below the 12% that Peruvians banks are scamming of their customers.
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby adrian Thorne » Fri Feb 09, 2018 11:38 pm

toughrider wrote:
adrian Thorne wrote:
toughrider wrote:
mrsteak wrote:They just happily get their loans at 12% and work hard to pay these mortgages. It will be here more painful than in other countries.


12%. In Europe, you be called a fool in you pay more than 2% interest on your mortgage.



Must be a lot of fools in Europe. Including Begium:https://www.statista.com/statistics/615037/mortgage-interest-rate-europe/


According to that 'whoever made up that website' the highest rate is still only 4.4% in Poland. That's still far below the 12% that Peruvians banks are scamming of their customers.


Of course you are to young to remember the pre EU days when there was a socialist government in England ,Led by Harrold Wilson. I was paying 16 % and that was competitive. All part of a growing economy. As you said I was a fool, but that said it gave me an investment which has cemented my life (Without Social Security) and I enjoy the fruits of it to the envy of others.
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby toughrider » Thu Feb 15, 2018 4:53 pm

adrian Thorne wrote:Of course you are to young to remember the pre EU days when there was a socialist government in England ,Led by Harrold Wilson. I was paying 16 % and that was competitive. All part of a growing economy. As you said I was a fool, but that said it gave me an investment which has cemented my life (Without Social Security) and I enjoy the fruits of it to the envy of others.


Been there, done that.

When I lived in the UK in the nineties, I also paid 7% for my mortgage on my flat in (creepy) Crawley and 9% on the buy to let property in Sible Hedingham. Years later, I sold the properties and made a massive profit. I bought those properties in 1998, at the height of the property crash but the wages ratio cost of living in the UK were OK. Unlike today when you need 2 jobs to make ends meet and still can't afford a place of your own.
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby SilverbackPeru » Thu Feb 15, 2018 5:15 pm

toughrider wrote:
adrian Thorne wrote:Of course you are to young to remember the pre EU days when there was a socialist government in England ,Led by Harrold Wilson. I was paying 16 % and that was competitive. All part of a growing economy. As you said I was a fool, but that said it gave me an investment which has cemented my life (Without Social Security) and I enjoy the fruits of it to the envy of others.


Been there, done that.

When I lived in the UK in the nineties, I also paid 7% for my mortgage on my flat in (creepy) Crawley and 9% on the buy to let property in Sible Hedingham. Years later, I sold the properties and made a massive profit. I bought those properties in 1998, at the height of the property crash but the wages ratio cost of living in the UK were OK. Unlike today when you need 2 jobs to make ends meet and still can't afford a place of your own.


You could always just buy a house in cash and just save on the whole interest thing anyway.
I'm doing the whole two job routine at the moment. It can easily be made to work to your advantage. Obviously it depends where you live but where I am the housing prices are very cheap and working two jobs could easily see you be able to buy a house in cash after just three or four years hammering the two jobs. My friend just bought a flat and a house last year and all the Polish and eastern Europeans i work with are doing the same thing, either buying in the U.K or Poland.

I hope it stays that way though as there was a group of people from Essex who've basically fled the south in search of a cheaper life and as was mentioned on the news lately it could become more of a trend on how more people from the south are moving north in search of a better and more affordable life. Saying that Brexit is only going to make houses cheaper thankfully.
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Re: S&P Lowers the rating of 5 Peruvian Banks

Postby toughrider » Thu Feb 15, 2018 5:33 pm

SilverbackPeru wrote:
You could always just buy a house in cash and just save on the whole interest thing anyway.
I'm doing the whole two job routine at the moment. It can easily be made to work to your advantage. Obviously it depends where you live but where I am the housing prices are very cheap and working two jobs could easily see you be able to buy a house in cash after just three or four years hammering the two jobs. My friend just bought a flat and a house last year and all the Polish and eastern Europeans i work with are doing the same thing, either buying in the U.K or Poland.

I hope it stays that way though as there was a group of people from Essex who've basically fled the south in search of a cheaper life and as was mentioned on the news lately it could become more of a trend on how more people from the south are moving north in search of a better and more affordable life. Saying that Brexit is only going to make houses cheaper thankfully.


The UK is probably the country where you can buy the cheapest homes in the world. Many councils are selling of their housing stock.
Homes only cost £1. They need a bit of renovation but a handy Harry can save a lot of bob.

http://www.telegraph.co.uk/property/hou ... g-homes-1/

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