NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB-' expected rating to Cencosud S.A.'s (Cencosud) proposed senior unsecured notes. The proceeds from the issuance are expected to be used entirely to refinance debt. Fitch currently rates Cencosud as follows: --Long-term Issuer Default Rating (IDR) at 'BBB-'; --Local Currency IDR at 'BBB-'; --USD750 million unsecured notes due in 2021 at 'BBB-'; --USD1.2 billion unsecured notes due in 2023 at 'BBB-'. The Rating Outlook is Negative. The