Fitch: Corpbanca view negative

Fitch Ratings said it affirmed Corpbanca's foreign- and local-currency long-term issuer default rating at BBB+, foreign- and local-currency short-term issuer default rating at F2, long-term national rating at AA-(cl), short-term national rating at N1+(cl), individual rating at C, support rating at 3 and support rating floor at BB-.

The outlook was revised to negative from stable.

The outlook change reflects the negative trend seen on Corpbanca's capital adequacy ratios and on its profitability, according to the agency.

Ratings also factor in Corpbanca's adequate financial performance, good asset quality and high dependence on concentrated, although stable, time deposits, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.