Santiago, 25 September 2026.– In an important financial milestone, the risk rating agency Feller Rate announced an upgrade to Plaza S.A.’s solvency ratings and bonds, once again underscoring the leadership of the company that operates shopping centers in Chile, Peru and Colombia. Thus, its risk rating was upgraded from “AA+” to the highest investment grade rating of “AAA”, while at the same time its outlook was considered “stable”.
The upgrade to the top risk category reflects the consolidation of an outstanding business profile in the industry, backed by an exceptionally solid financial standing. Feller Rate based this decision on the strengthening of the company’s business profile in recent periods, whose category has improved from “satisfactory” to “strong”. This was “in consideration of Plaza S.A.’s ample experience in the commercial leasing industry, along with the sustained execution of its expansion plan, which in addition to increasing the leasable area has allowed diversifying the regional portfolio.”
“This new rating is an acknowledgment of Mallplaza’s management and its sustained growth trajectory based on consistent results, financial discipline and a long-term regional vision. This affords us increased visibility regarding global investors and ratifies Mallplaza’s positioning as the main urban center platform in the Andean Region. From this position as a benchmark in Latin America, we are implementing a solid strategy in the three markets where we currently have a presence,” Mallplaza Chief Financial Officer (CFO) Felipe Ramirez Huerta highlighted.
This acknowledgment is added to the company’s promotion to the Large Cap segment in the FTSE Global Equity Index Series (GEIS) in March 2026 the milestones achieved in November 2025, when it was incorporated into the MSCI Emerging Markets Mid Cap index (part of the MSCI Global Standard Indexes). In parallel, Fitch Ratings assigned it a long-term risk rating of “BBB” in foreign and local currencies, with a stable outlook.
