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TEXT-S&P rates Banco Santander-Chile notes 'cnAA+'
December 6, 2012 / 9:42 PM / 5 years ago

TEXT-S&P rates Banco Santander-Chile notes 'cnAA+'

Dec 6 - Standard & Poor's Ratings Services said today it assigned its
'cnAA+' issue rating on the Chinese national scale to Banco Santander-Chile
S.A.'s (BSCh; A/Negative/A-1) Chinese Renminbi (CNY) 500 million 3.75%
senior unsecured fixed notes due Nov. 26, 2014. The notes are rated 'A' in
Standard & Poor's global scale.

For more information and a complete credit rating rationale on BSCh, please 
see "Banco Santander-Chile S.A. 'A/A-1' Ratings Affirmed; Long-Term Rating 
Outlook Revised To Negative," published July 13, 2012, and "Banco 
Santander-Chile S.A.'s CNY500 Million Rated 'A'," published Dec. 5, 2012.

     -- Credit FAQ: China Credit Spotlight: Greater China Regional Scale 
Explained, Aug. 29, 2012
     -- Banks: Rating Methodology And Assumptions, Nov. 9, 2011
     -- Banking Industry Country Risk Assessment Methodology and Assumptions, 
Nov. 9, 2011
     -- Group Rating Methodology And Assumptions, Nov. 9, 2011


Banco Santander-Chile S.A. 
  Issuer credit rating                          A/Negative/A-1 

Rating Assigned

Banco Santander-Chile S.A. 
  CNY500M 3.75% sr unsec fixed notes due 2014   cnAA+

Complete ratings information is available to subscribers of RatingsDirect on 
the Global Credit Portal at All ratings affected 
by this rating action can be found on Standard & Poor's public Web site at Use the Ratings search box located in the left 

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