Fitch: Chilean Portfolio's Credit Quality Deteriorates

SANTIAGO, Chile--()--Fitch Ratings has published a new report titled 'Credit Quality of the Chilean Portfolio Deteriorates.' It provides analysis of Chilean corporates' evolving leverage, cash flow generation and liquidity ratios.

Fitch expects negative rating actions to surpass positive rating actions in 2015, as many of these companies do not have room for further leverage increases. The macroeconomic environment will remain challenging and free cash flow will remain under pressure.

The report is available at www.fitchratings.com or by clicking on the link.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Credit Quality of the Chilean Portfolio Deteriorates (Facing Challenging Times)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=856328

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Rodolfo Schmauk
Associate Director
Fitch Chile Clasificadora de Riesgo Ltda.
+56 (2) 2499 3341
Alcantara 200 of.202, Las Condes
Santiago, Chile
or
Rina Jarufe
Senior Director
+56 (2) 2499 3310
or
Joe Bormann, CFA
Managing Director
+1-312-368-3349
or
Media Relations
Elizabeth Fogerty, +1 212-908-0526
New York
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Rodolfo Schmauk
Associate Director
Fitch Chile Clasificadora de Riesgo Ltda.
+56 (2) 2499 3341
Alcantara 200 of.202, Las Condes
Santiago, Chile
or
Rina Jarufe
Senior Director
+56 (2) 2499 3310
or
Joe Bormann, CFA
Managing Director
+1-312-368-3349
or
Media Relations
Elizabeth Fogerty, +1 212-908-0526
New York
elizabeth.fogerty@fitchratings.com