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Fitch affirms Principal Chile's rating

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Fitch affirms Principal Chile's rating

FitchRatings on May 9 affirmed the national rating of at AA(cl), with a stable outlook.

The rating isbased on the insurer's stable and consistent market position as well as itsstable operating results and a portfolio of lower risk investments, Fitch said.

The ratingagency also believes that the insurer's parent, , hasthe willingness and financial capacity to support its unit as a majorsubsidiary of the group. The likelihood of support partially benefits therating, Fitch noted.