LATAM Airlines Group’s credit rating upgraded from B+ to BB- by Fitch Ratings

Santiago, Chile, July 10, 2019– LATAM Airlines Group S.A. (“LATAM” or “the Company”) (NYSE: LTM / IPSA: LTM), Latin America’s leading airline group, informs that Fitch Ratings has upgraded the Company’s credit rating to BB- (from B+), with a ‘stable’ outlook, due to LATAM’s debt reduction in recent years, financial flexibility and consistently high liquidity levels.

In addition, Fitch Ratings upgraded the international unsecured notes issued by LATAM and its subsidiaries to BB- (from B+) and upheld LATAM’s national scale long-term rating at BBB+(cl).