Banco Santander-Chile : MOODY'S rates Prime-1 Banco Santander Chile's Commercial Paper Program.

    Banco Santander-Chile : MOODY'S rates Prime-1 Banco Santander Chile's
                          Commercial Paper Program.

The following rating is assigned to Banco Santander Chile's commercial paper
program;

Short Term Foreign Currency Debt Rating: Prime-1

February 05 2013, Moody's Investors Service has assigned a Prime-1 short term
foreign currency debt rating to Banco Santander Chile (Santander Chile)'s US$
5 Billion commercial paper note program. The program allows for note
maturities of up to 397 days.

The Prime-1 rating assigned to Santander Chile US commercial paper program is
based on the banks Aa3 long term foreign currency deposit and debt ratings.
Moody's noted that the rating is contingent upon a maximum total program
amount of US$ 5 Billion as well as immediately available and sufficient US
dollar liquidity in the United States to support the program.

Santander Chile's Aa3 long-term deposit and debt rating incorporates two
notches of uplift from the bank's a2 base line credit assessment (BCA) and
reflects Moody's assumption of a high probability of systemic support given
the importance of its deposit and loan franchise.

CONTACT INFORMATION:

Robert Moreno

Manager, Investor Relations Department

Banco Santander Chile, Bandera 140 Piso 19

Santiago, Chile

Tel: (562) 2320-8284

Email: rmorenoh@santander.cl

Website: www.santander.cl

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Source: Banco Santander-Chile via Thomson Reuters ONE
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