S&P assigns Banco de Chile notes A+ rating

Standard & Poor's said it assigned its A+ long-term issue-level rating to Banco de Chile's (A+/stable/A-1) proposed CHF 225 million senior unsecured notes due 2016.

"The rating on the bank's notes are the same as the long-term issuer credit rating, as it will rank pari passu in right of payment with all of Banco de Chile's unsecured debt obligations. The bank will use the proceeds to continue financing its loan portfolio growth and for general corporate purposes," said S&P credit analyst Arturo Sanchez in a news release.

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