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Fitch affirms Coopeuch
Fitch Ratings said it affirmed Cooperativa del Personal de la Universidad de Chile (Coopeuch)'s local-currency long-term issuer default rating at BBB, long-term national rating at AA-(cl), short-term national rating at N1+(cl).
The outlook is stable.
The ratings reflect its good franchise in its niche market, track record of sound profitability and asset quality ratios, Fitch said, and strong capitalization.
The ratings are constrained by its reduced product diversification, ownership structure without a principal shareholder and its current corporate governance structure, the agency said.
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