Credit rating agency Standard and Poor’s (S&P) confirmed A rating issuer credit rating for Banco Santander-Chile
SANTIAGO, Chile, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Standard & Poor’s confirmed yesterday Santander-Chile’s issuer credit rating at A, maintaining a negative outlook. The report highlights Santander-Chile’s dominant market position in the Chilean commercial banking and retail sectors, and high systemic importance in the Chilean financial system. The Bank has also shown healthy profitability metrics and asset quality metrics, as well as capitalization metrics commensurate with its business strategy. The sound position and stability of Santander-Chile in the financial system should help weather the impact of these challenging economic conditions. The report also highlights ESG (Environmental, Social, Governance) factors, citing that Santander-Chile has been very active in promoting the development of sustainable projects (such as renewable energy projects) and finance.Banco Santander-Chile Issuer Credit RatingA/Negative/A-1 Commercial Paper Foreign CurrencyA-1 Senior UnsecuredA SubordinatedA- CONTACT INFORMATION Robert Moreno Investor Relations Banco Santander Chile Bandera 140, Floor 20 Santiago, Chile Tel: (562) 2320-8284 Email: [email protected] Website: www.santander.cl
