RiskRating

Tanner’s rating was ratified “BBB-“ in 2017 by Fitch Ratings and Standard & Poor’s(1), maintaining our investment grade, a distinctive position among non-banking financial institutions in Latin America. This exceptional rating for an entity like Tanner gives the Company access to financial markets with more attractive spreads and conditions, which backs the Company’s robust financial position. This rating is based on the Company’s solid capitalization levels, diversified funding sources, excellent liquidity and market risk management capabilities.

Tanner has local risk ratings from Humphreys and Fitch Ratings, which assigned Tanner’s instruments an “A+” rating with a stable outlook.

(1) On July 14, 2017, the Rating Agency S&P’s revised the Company’s Outlook to “Negative”, along with 9 other local financial institutions, due to the decay of the Chilean Sovereign Bond, which impacts on the risk to which those companies are exposed.