Fitch Takes Action on Chilean Banks Following Sovereign Outlook Revision to Negative

NEW YORK & SANTIAGO, Chile–(BUSINESS WIRE)–Fitch Ratings has conducted a portfolio review of selected Chilean banks after the Outlook revision of Chile’s sovereign rating to Negative from Stable announced on Dec. 13, 2016 (see ‘Fitch Affirms Chile at ‘A+’; Revises Outlook to Negative’ at www.fitchratings.com). This portfolio review included Chilean banks with Issuer Default Ratings (IDRs) or Viability Ratings (VRs) equivalent to the sovereign. Fitch believes that these ratings are more sensit