S&P Banco del Estado notes unaffected

Standard & Poor's said its A+ issue-level rating on Banco del Estado de Chile's $1 billion medium-term notes program remains unchanged following a $1 billion add-on to the issue.

The agency said the increase is not expected to affect the bank's credit metrics.

Banco del Estado de Chile will issue the notes either directly or through its New York branch.

The notes will be unsecured and will be a senior debt obligation that will rank equally with the bank's all other unsecured and unsubordinated obligations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.