Ripley Corp restores A+ credit rating after debt reduction

Chilean retailer Ripley Corp regained an A+ credit rating in June 2026 after a sharp decline in net financial debt, which fell from 5.4 times EBITDA to about 2.6 times in one year. Rating agencies Feller Rate and Humphreys cited the improved debt metrics and stronger cash‑flow generation as the basis for the upgrade.

The company’s real‑estate arm drove the recovery, with Mall Aventura in Peru reporting a 98.4% occupancy rate and an 88.8% EBITDA margin, while the Grupo Marina joint venture in Chile posted a 99.6% occupancy rate and an 86.8% EBITDA margin. Banco Ripley also resumed dividend payments in 2025 after a two‑year pause, adding to the stronger financial profile that restored the A+ rating lost in late 2023.