Fitch rates Ripley's consumer loans business

Fitch rates Ripley's consumer loans business

Corporate & Sovereign Strategy Credit Ratings Fitch Ratings Chile Canada Colombia

Fitch Ratings has assigned a first-time rating of BBB- with a stable outlook to Banco Ripley, the consumer loan division of Chilean retailer Ripley, saying the lender's business model generates stable profits. Banco Ripley holds a 3.1% market share in Chile's consumer loans sector and its parent company has a solid position in the retail sector, Fitch said in a report on Monday. The lender has improved its asset quality in the last two years, supported by "adequate collecting strategies," as the

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