S&P Frowns on Corpbanca’s Colombia Buy

S&P Frowns on Corpbanca’s Colombia Buy

Chile Colombia Corporate & Sovereign Strategy

S&P has lowered Corpbanca’s rating to BBB+ from A minus, it says, after it completed its purchase of Santander Colombia. The acquisition “resulted in a weakening for the bank’s capitalization levels,” the agency says. It is possible that the capital

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