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BULLETIN: The Chilean Financial System Remains Unscathed By Its Neighbors' Problems Jun 02
Standard & Poors, June 2002
Abstract
Chilean banks continue to be the most insulated from the economic and political problems affecting much of Latin America. Additionally, they benefit from the country's financial system environment, which Standard & Poor's sees as less risky and more transparent than those of other countries in the region. Despite a slow economy, their asset quality and profitability remain strong, with indicators showing a recovering trend comparable to international standards. The largest banks have also consolidated their market position through mergers, such as that of Banco de Chile (A-/Stable/A-2) and Banco Edwards, and Banco Santiago (A/Negative/A-1) and Banco Santander-Chile (A/Negative/A-1) have recently initiated a similar process. In the near future, some challenges, especially at larger institutions, will arise in light of current...
Companies mentioned in this report are: Banco de Chile,Banco Santander-Chile,Banco Santander-Chile S.A.
Action: S&P Event
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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