...Strong Domestic Franchise: BCI's IDRs are supported by its VR and reflect its strong domestic franchise, sound balance sheet and liquidity management, improved credit quality and capital base, more diversified funding sources, and stable profitability through the cycle. Outlook Revision: The Outlook revisions were based on BCI's VR. Over the next 12¡24 months Fitch will review the execution risks and impact of the acquisition of City National Bank (CNB) in the U.S. on BCI's overall positive trend in financial metrics observed in the recent past. While the expected benefits in revenue and risk, diversification in the new market could allow a more robust balance sheet, in turn Fitch expects more restricted prospects for the Chilean economy that could put pressure on Chilean banks' profitability and credit quality. City National Bank Acquisition: The affirmation and Outlook revision are also based on Fitch's opinion that the recently closed acquisition of CNB will be strategically positive...
