S&P Upgrades Chile Sovereign

S&P Upgrades Chile Sovereign


S&P has raised Chile's debt ratings to A+ (stable) from A. "The upgrade primarily reflects Chile's economy's increasing resilience to potential adverse shocks," says S&P analyst Sebastian Briozzo. "This characteristic is particularly important for an economic structure that still depends highly on commodities." Chile has been able to manage the upward part of the current commodity price cycle by strengthening its credit profile, creating the conditions to better endure instability than it had in

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