Moody’s to Examine CorpGroup

Moody’s to Examine CorpGroup

Chile Corporate & Sovereign Strategy

Moody’s has placed the ratings of CorpBanca entities, including CorpBanca’s Baa2 rating and Corp Group Banking’s Ba3 mark, on review for downgrade, it says. The decision is based on growing uncertainties regarding the effects on the Chilean bank's institutional funding and earnings performance of developments at its sister company, retailer SMU, whose B3 rating is also review for downgrade. “While the direct financial connections between CorpBanca and SMU are limited in terms of loans and fundin

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