Fitch Withdraws Rating on Latam Trust, Series 2007-102

May 27, 2016 11:36 AM EDT

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has withdrawn the following rating for Latam Trust, Series 2007-102 (Latam 2007-102):

--CLP26,462,500,000 UF-Adjusted Certificates 'B-sf'; Outlook Stable.

KEY RATING DRIVERS

Fitch has withdrawn the ratings on the UF-Adjusted Certificates of Latam 2007-102 following the May 17 withdrawal of the agency's rating on Sociedad de Inversiones Pampa Calichera S.A. (Pampa Calichera), the sole risk-presenting entity in the Latam 2007-102 transaction. (For additional details, see 'Fitch Retira Clasificaciones de Pampa Calichera' at www.fitchratings.com.) As a result of the Pampa Calichera rating withdrawal, Fitch lacks the information necessary to maintain the Latam 2007-102 rating. Accordingly, Fitch will no longer provide ratings (or analytical coverage) for Latam 2007-102.}

RATING SENSITIVITIES

Following the withdrawal of the rating, rating sensitivities do not apply.

DUE DILIGENCE USAGE

No third party due diligence was reviewed in relation to this rating action.

Additional information is available at www.fitchratings.com.

Applicable Criteria

Counterparty Criteria for Structured Finance and Covered Bonds (pub. 14 May 2014)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=744158

Global Rating Criteria for Single- and Multi-Name Credit-Linked Notes (pub. 08 Mar 2016)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=878513

Global Structured Finance Rating Criteria (pub. 06 Jul 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867952

Additional Disclosures

Dodd-Frank Rating Information Disclosure Form

https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=1005246

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1005246

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

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Fitch Ratings
Primary Analyst
Shashi Srikantan
Director
+1-212-908-0393
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Committee Chairperson
Kevin Corrigan
Senior Director
+1-212-908-0156
or
Media Relations:
Sandro Scenga, +1 212-908-0278
[email protected]

Source: Fitch Ratings



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