S&P stabilizes Scotiabank Chile view

S&P said it changed its outlook to Scotiabank Chile to stable from negative and affirmed its A ratings.

“Over the past few years, Scotiabank Chile's capitalization metrics have strengthened, providing enough cushion to maintain its business plan. This stems from improving profitability and capital infusions. We believe that Scotiabank Chile's strategically important subsidiary status, stronger capital base, and greater dividend payout flexibility could offset the potential increase of risk for banks operating in Chile,” S&P said in a press release.

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