Larrain Vial Gets S&P Rating

Chilean asset management firm LarrainVial says it has been granted an AMP2 rating by S&P, which it claims makes it the first Chilean company of its kind to obtain an international credit rating. S&P says the grade reflects a good competitive position with an adequate mix of products and clients, suitable operating procedures, sound managerial team, well-defined company strategy and investment objectives for each fund, as well as its operating in an environment of low political and regulatory risk. LarrainVial has more than $2.35bn in assets under management.