|
|
Article: Standard & Poor's Raises Banco Santander Chile Rating to A.
- Article from:
- PR Newswire
- Article date:
- January 20, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Standard & Poor's Ratings Services raised both its long-term counterparty credit rating on Banco Santander Chile (SSE: Bsantander) (Santander) to "A" from "A-," and its short-term counterparty credit rating to "A-1" from "A-2." Additionally, Standard & Poor's changed the bank outlook from positive to stable.
* Banco Santander-Chile S.A.: to A/Stable/A-1 from A-/Positive/A-2.
The upgrade was announced after Standard & Poor's decided to raise Santander Central Hispano's rating to A+.
Institutional Background
According to the latest figures published by the SBIF for the month of September 2003, Santander Chile was the largest bank in ...