LQ Inversiones Financieras S.A. Sep 11
- ID: 2039407
- September 2011
- Standard & Poors
Ownership of a valuable operating company, Banco de Chile, which has a strong franchise as the second-largest bank in Chile A sound income source, underpinned by the strong and sustainable earnings profile of its sole operating company, Banco de Chile. Operation in a low-risk political and regulatory environment, Chile Aggressive financial policy of its controlling parent, mitigated by the participation of Citigroup in strategic decisions High reliance on one asset's dividend flow for debt repayment Standard & Poor's Ratings Services' ratings on LQ Inversiones Financieras S.A. (LQIF) are based on the entity's role as the nonoperating holding company of Banco de Chile S.A. (A+/Stable/A-1). The counterparty credit ratings also reflect the potential imposition of supervisory barriers to dividend payments from...
Companies mentioned in this report are:
- LQ Inversiones Financieras S.A.
- Banco de Chile
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Research Type: Full Analysis