On September 22, ICR Chile upgraded Forus S.A.’s credit rating from A+/Positive to AA-/Stable, and upgraded from First Class Level 2 to First Class Level 1 the rating assigned to Forus’ equity securities, mnemonic Forus.
According to ICR Chile's press release, "The upgrade in the credit rating is mainly due to the continuous strengthening of Forus' business, which is not only the result of the strong improvement in sales in the retail sector following the significant increase in liquidity in the Chilean economy, but also the result of the company’s financial policy which we consider highly conservative and that has allowed it to use its resources to continuously strengthen its business, thus improving the company's scale and competitiveness".
https://www.icrchile.cl/index.php/corporaciones/forus-s-a-2/comunicados-257/5566-forus-comunicado-alza-de-clasificacion/file