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S&P removes Falabella from watch
S&P said it affirmed its BBB ratings for Falabella and removed them from CreditWatch with negative implications. The agency put them on negative watch on March 24.
“Falabella's prudent liquidity management, solid market position in Latin America, and significant business diversification underpin the company's credit profile,” S&P said in a press release.
The outlook is negative.
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