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

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Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-05 20:15:22 -

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

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: Website: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Banco Santander-Chile via Thomson Reuters ONE [HUG#1675756]

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