ICR assigns Positive Outlook to Banco Itaú Chile's Risk Rating

Rhea-AI Summary

ICR has upgraded Banco Itaú Chile's (SSE: ITAUCL) outlook to Positive from Stable, while maintaining its current ratings. The bank received reaffirmation of its AA+ rating for solvency and long-term instruments, AA rating for subordinated bonds, and N1+ rating for short-term instruments.

The positive outlook revision reflects the bank's consistent improvements across multiple key financial metrics, including asset quality, profitability, solvency, funding, matching, and liquidity. The bank has demonstrated strong performance and resilience despite challenging economic conditions.

Positive

• Outlook upgraded to Positive from Stable
• Maintained strong AA+ rating for solvency and long-term instruments
• Consistent improvements in key financial metrics
• Demonstrated resilience despite challenging economic conditions

Negative

• None.

SANTIAGO, Chile, March 31, 2025 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (SSE: ITAUCL) – – ICR has assigned a "Positive" outlook to Banco Itaú Chile's risk rating, reflecting consistent improvements across key financial indicators, such as asset quality, profitability, solvency, funding, matching, and liquidity. Despite the ongoing challenging economic environment, the bank continues to demonstrate strong performance and resilience in these metrics.

Additionally, ICR reaffirms Banco Itaú Chile's solvency and long-term instruments at the AA+ rating, subordinated bonds and related series at the AA rating, and short-term instruments at the N1+ rating. The outlook has been revised from "Stable" to "Positive."

For detailed information, please visit Banco Itaú Chile’s Investor Relations website at ir.itau.cl.

Investor Relations – Banco Itaú Chile
IR@itau.cl | ir.itau.cl

FAQ

What ratings did ICR assign to Banco Itaú Chile (ITCL) in March 2025?

ICR reaffirmed AA+ rating for solvency and long-term instruments, AA for subordinated bonds, and N1+ for short-term instruments, with a positive outlook.

Why did ICR upgrade Banco Itaú Chile's (ITCL) outlook to positive in 2025?

The upgrade reflects consistent improvements in key financial indicators including asset quality, profitability, solvency, funding, matching, and liquidity.

How has Banco Itaú Chile (ITCL) performed in the current economic environment?

The bank has demonstrated strong performance and resilience across key financial metrics despite challenging economic conditions.

What was Banco Itaú Chile's (ITCL) previous outlook rating before March 2025?

The bank's previous outlook rating was 'Stable' before being upgraded to 'Positive' by ICR.