Banco Santander Chile's Outlook revised from Negative to Stable by S&P Global Ratings
- 134
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.
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
GlobeNewswire Europe, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
