S&P affirms Falabella

S&P said it affirmed its BBB+ corporate credit and issue-level ratings on SACI Falabella.

The outlook is negative.

“We expect mixed results for Chile-based Falabella in 2018, with recovery in some segments and countries balanced by weaker performances in others, and tighter margins that could pressure consolidated results,” the agency said in a news release.

“We foresee some downside risks in revenue and cash flow generation over the next 12 months that could result in somewhat weak credit metrics for its rating level.”

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