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Article: Fitch Affirms Ratings of Banco Santander Chile.
- Article from:
- Business Wire
- Article date:
- December 2, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Dec. 2, 2002
Fitch Ratings has affirmed the 'A-' long-term foreign currency (Outlook Stable), 'F2' short-term foreign currency, 'A+' long-term local currency, 'F1' short-term local currency, 'B' individual and '2' support ratings for Banco Santander Chile (BSC). BSC's ratings are based on its strong historical profitability, healthy asset quality, significant market share of deposits and sound capital adequacy. The ratings also reflect the bank's improved competitive position following the merger between former Banco Santander Chile and Banco Santiago. Its foreign currency ratings are enhanced by the ...