S&P revises view on 10 Chilean financial institutions to stable

S&P said it revised its outlook on 10 Chilean financial institutions to stable from negative and affirmed their ratings.

The firms are Banco Santander-Chile SA; Banco de Credito e Inversiones; Itau CorpBanca; Banco BICE; Banco Bilbao Vizcaya Argentaria Chile y Filiales; Banco Security; Cooperativa Del Personal de La Universidad de Chile Ltda-Coopeuch Ltda; Tanner Servicios Financieros SA; LQ Inversiones Financieras SA; and Larrain Vial SA Corredora de Bolsa.

At the same time, S&P affirmed the ratings and maintained a stable outlook on the following entities: Banco del Estado de Chile; Banco del Estado de Chile Sucursal New York; and Banco de Chile.

“The rating actions reflect our view of diminished risks of potential cyclical credit fueled asset price bubbles,” S&P said in a news release.

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