NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB-(Exp)' expected rating to LATAM Airlines Group S.A.'s (LATAM) proposed unsecured notes. The target amount for the proposed transaction is USD500 million. The total amount and tenor for the proposed issuance will depend on market conditions. Proceeds from the proposed issuance are expected to be used to refinance debt and for general corporate purposes. A portion of the proceeds from the proposed transaction will be used to refinance th