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Published on 6/3/2008 in the Prospect News Emerging Markets Daily.

Fitch affirms CorpBanca

Fitch Ratings said it affirmed CorpBanca and its subsidiaries' ratings as follows: foreign and local currency long-term issuer default rating at BBB+, foreign and local currency short-term ratings at F2, long-term national rating at AA-(chl), short-term national rating at 'N1+(chl), individual at C, support at 3 and support rating Floor at BB-.

The outlook is stable.

At the same time, Fitch said it has affirmed the national long-term rating of AA-(chl) on the bank's senior unsecured bonds totaling CLF23 million and the national long term rating of A+(chl) on its subordinated bonds totaling CLF4 million.


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