Fitch revises Falabella view to stable

Fitch Ratings said it changed the outlook to stable from negative and affirmed Falabella SA's long-term foreign- and local-currency issuer default ratings at BBB and its national long-term rating at AA(cl).

“The change in outlook reflects the strong improvement in the company's operational results due to the reopening of Chile´s economy that has resulted in strong domestic demand. It also incorporates the favorable evolution of Falabella's digital channel. Fitch projects the company's net adjusted corporate-only leverage, which includes dividends received from financial services (FS) and minorities, will remain below 4x,” Fitch said in a press release.

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