Fitch Affirms Scotiabank Chile S.A. at 'A+'; Outlook Stable
Fitch Ratings has affirmed Scotiabank Chile S.A.'s (SBC) Local and Foreign Currency Long-Term and Short-Term Issuer Default Ratings at 'A+' and 'F1+', respectively, with a Stable Outlook. The ratings reflect expected support from its parent, The Bank of Nova Scotia, and SBC's strong business profile, consistent profitability, and adequate capitalization ratios. Despite moderate asset quality deterioration, Fitch anticipates improvements supported by conservative risk management. SBC remains one of the largest banks in Chile, benefiting from its integration with its parent.