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Banco Santander-Chile S.A. Jan 11
Standard & Poors, Jan 2011
Abstract
Strong franchise, and competitive position, Strong ownership. Diversified loan portfolio. Good asset quality. High operating efficiency. High profitability. Operating in the low risk Chilean environment. High competitive pressures in the Chilean banking industry. Standard & Poor's Ratings Services' ratings on Banco Santander-Chile S.A. (BSCh) reflect the bank's leading position in the Chilean banking industry, its well-diversified business lines, and its sound financial risk profile, which includes high profitability, adequate asset quality, and capitalization. The ratings also take into account parent company Banco Santander S.A.'s (AA/Negative/A-1+) full ownership and control, which enhances the bank's operating efficiency and financial flexibility. High competitive pressures in the Chilean banking system partially mitigate these strengths. BSCh benefits from its leading and well-diversified business position (in...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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