Banco Santander Chile's Outlook revised from Negative to Stable by S&P Global Ratings
August 23 2018 - 4:09PM
On August 22, 2018 S&P Global Ratings revised
its outlook on Banco Santander-Chile S.A. from Negative to Stable,
maintaining the current rating of A. This change in outlook is as a
result of their analysis on the Chilean banking industry risk and
economic risk in Chile. They concluded that the economic risk trend
has now improved and the BICRA remained stable.
With this stable outlook, S&P reported
that they expect Santander Chile to continue the good risk
management while maintaining its leading competitive position
in the Chilean banking system over the next 24 months.
S&P also revised the outlook from negative to
stable on 9 other Chilean financial institutions.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Banco Santander-Chile via Globenewswire
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