Sodimac Has Local Chilean Credit Rating Increased by Fitch

Sodimac SA, the home-improvement unit of Chilean retailer SACI Falabella (FALAB), had its local credit rating lifted one step by Fitch Ratings to AA, the third-highest investment grade.

The Chilean unit of Fitch posted the announcement on its website. The outlook is stable. The decision affects five lines of bonds and Sodimac’s commercial paper program, Fitch said.

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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