Classifiers highlight solid financial management of the Coopeuch savings and credit cooperative

The general manager of Coopeuch, Rodrigo Silva, indicated that “these rankings show us that we have a solid strategy, that we are a stable cooperative and that we have grown institutionally according to the defined risk appetite, issues that are fundamental for the sustainability of Coopeuch.” .

At the local level, the cooperative’s long-term credit rating was raised by the Fitch Ratings rating agency from “AA” to “AA+”, a rating that has remained at that level since 2018. The cooperative reached a rating that is the second highest on the local scale and established itself as one of the safest financial institutions to invest in the country.
The risk rating agency Feller Rate raised Coopeuch’s solvency classification from “AA” to “AA+” and raised the characterization of its public offering instruments, with a stable outlook, recognizing the equity strengths and the lower risk associated with the investment model. business, placing it in a position of government bonds and above the majority of medium and small banks in the national market.

At the international level, the risk agency Moody’s improved the long-term risk classification, going from “BAA1” to “A3”, just one step away from country risk (“A2”). This means moving, within the recommended investment level, from the lower middle grade to the upper middle grade, the second highest investment grade on the scale of risk rating agencies.

Meanwhile, S&P Global Ratings ratified the long-term classification at ‘BBB+’ and the short-term classification at ‘A-2’. The company, which highlighted the stability of the cooperative’s results over the years, indicated that recent regulatory changes in the country will allow Coopeuch to have better financial management in the event of stress situations. Although the outlook remained negative, the agency explained that it is due to the trend of economic risk in Chile, as part of the country’s evaluation of the financial industry.

Rodrigo Silva also highlighted that “they are achievements that consolidate the work we have been doing through our cooperative business model, which has allowed us to maintain a solid financial profile. These classifications are in direct improvement so that we continue to contribute to improving the quality of life of our more than 1 million 100 thousand members and all those who are linked to Coopeuch.”