CorpBanca -- Moody's continues review for upgrade on CorpBanca's and CorpGroup Banking's ratings

New York, August 05, 2015 -- Moody's Investors Service said today that the ratings of CorpBanca (deposits and senior debt Baa3 review up, BCA ba1 review up) and its holding company, CorpGroup Banking S.A. (issuer and senior debt B1, review up) remain under review for possible upgrade pending consummation of the bank's merger with Banco Itaú Chile. The review was initiated on 31 January 2014 following the announcement on 29 January 2014 by which CorpBanca's controlling shareholder, CorpGroup, agreed to merge the bank with Itaú Unibanco S.A.'s (deposits Baa2 negative, BCA baa2) Chilean subsidiary, Banco Itaú Chile (deposits A2 stable, BCA baa2) in a stock-for-stock transaction to create Itaú CorpBanca. The ratings of CorpGroup Banking remain on review for possible upgrade as they are anchored on CorpBanca's standalone assessment.

Vollständigen Artikel bei Moodys lesen