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Banco Santander-Chile S.A. Upcoming Senior Unsecured Short-Term Notes Rated 'A-1' Nov 11
Standard & Poors, Nov 2011
Abstract
BUENOS AIRES (Standard & Poor's) Nov. 23, 2011--Standard & Poor's Ratings Services said today that it assigned its 'A-1' short-term senior unsecured debt rating to Banco Santander Chile S.A.'s (A+/Negative/A-1) upcoming 144A/Regulation S $100 million to $150 million senior unsecured floating-rate notes due in May 2012. The rating on the notes is the same as the short-term counterparty credit rating on Banco Santander Chile S.A., which reflects that the notes will rank pari passu with other senior unsecured debt. The bank will use the proceeds mainly to fund its lending activities. The ratings on Banco Santander Chile S.A. reflect the bank's leading position in the Chilean banking industry, good balance of business between companies and individuals, and sound financial risk...
Companies mentioned in this report are: Banco Santander-Chile S.A.
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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