The agency upgraded the Company’s international rating from BBB- to BBB and assigned a Stable Outlook. It also upgraded the national rating from AA- to AA.
The rating agency highlighted Falabella Group’s strong market position, diversified operations, and improved margins, as well as debt reduction, lower leverage, and financial flexibility.
Santiago, Chile, October 14 – International rating agency Fitch Ratings upgraded Grupo Falabella international credit rating to BBB from BBB-, with a Stable Outlook. It also raised the Company’s and Sodimac’s national long-term ratings to AA(cl) from AA-(cl) and reaffirmed the share rating at First Class Level 1(cl).
In its report, the agency noted that the upgrade reflects Grupo Falabella strategy to strengthen its business and financial profile, supported by its strong market position, diversified operations, and improved margins. These factors have enabled the Company to accumulate cash, reduce debt, and lower leverage.
“This latest upgrade to our credit rating is recognition of the progress we have achieved as a Group, driven by the consistent execution of our strategy and the improved profitability of our businesses. Fitch’s assessment also highlights the strength of our diversified business model and our competitive position in the region, which are fundamental pillars for continued growth. Today, we are well positioned to deepen the synergies within our ecosystem and capture new development opportunities with a long-term perspective,” said Alejandro González Dale, CEO of Grupo Falabella.
Juan Pablo Harrison, the Company’s Corporate Administration and Finance Manager, added: “Fitch Ratings’ decision to upgrade our rating reflects the positive evolution of our key credit metrics. Stronger cash generation, sustained debt reduction, and disciplined resource management have enabled us to significantly improve our risk profile. These advances, together with our liquidity levels and a well-structured debt maturity profile, provide us with the flexibility needed to finance our investment plan and continue strengthening our balance sheet.”
It is worth noting that in 2025, Grupo Falabella achieved record results, reporting net income of US$897 million, excluding the accounting fair value effect, and EBITDA of US$2.144 billion, representing a 34% increase compared to 2024. During the first half of 2026, the Company posted net income of US$497 million, an increase of 17.9% compared to the first half of 2025.
