Fitch Ratings reaffirms Cencosud's "Investment Grade" rating, categorizing it as "BBB-" with a Stable Outlook

Santiago, April 15 2016.- Credit rating agency Fitch Ratings announced today that it has assigned Cencosud a rating of "BBB-" with a Stable Outlook, reaffirming its Investment Grade status awarded in 2010.

According to Fitch, the rating reflects Cencosud's profile as a multi-brand and multi-format retailer, with a strong market position in the region and geographic diversification. It is also a result of the company's significant presence in both the food and non-food businesses across the five countries in which it operates.

The agency also highlights the resilience of Cencosud's businesses to economic cycles, the stability of the company's EBITDA margin, and the high value of its real estate assets.

This rating is significant for Cencosud as it demonstrates the market's confidence in the company, its financial strength, the value of its assets, and its ability to operate them. It also confirms that the company is on the right track in terms of its plans to address challenges and capitalize on opportunities in the region, and that it has been consistent in its progress.

"This news is a testament to the market's confidence in Cencosud, its financial strength, the value of its assets, and its ability to operate them. It also confirms that we are heading in the right direction in terms of the plans we have developed to tackle challenges and seize opportunities in the region, and that we have been consistent in our progress."

Rodrigo Larrain, CFO of Cencosud