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Banco de Chile S.A. Dec 09
Standard & Poors, Dec 2009
Abstract
Strong franchise and competitive position in the Chilean financial system Diversified portfolio mix and healthy asset quality Good profitability Operating in a low-risk political and regulatory environment in Chile Higher competitive pressures in the Chilean banking industry Threat to asset quality and profitability from the economic slowdown in Chile The ratings on Banco de Chile S.A. mainly reflect its strong market position in the relatively low-risk and competitive Chilean banking industry, its well-diversified business lines, and its good financial risk profile. This mainly includes its healthy asset quality, good profitability, and adequate capitalization. High competitive pressures in the Chilean banking system and the negative effects from the more adverse economic environment--which affected the bank's asset growth, asset quality, and profitability...
Companies mentioned in this report are: Banco de Chile
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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