Chile faces downgrade as debt-to-GDP grows

Chile faces downgrade as debt-to-GDP grows

Chile Bonds Economy & Policy Corporate & Sovereign Strategy

Chile's credit rating faces a potential downgrade this year due to a rising debt-to-GDP ratio and a further weakening of its fiscal accounts. The copper-exporting sovereign issuer has also been placed on negative watch by S&P Global and Fitch Ratings because of lower growth figures, according to a report from the Institute of International Finance (IIF). The downturn of Chile’s balance sheet downturn has coincided with a lower growth rate, compared to similarly-rated sovereign issuers

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