Chile Outlook Still Stable, Says S&P

Chile Outlook Still Stable, Says S&P

Chile

Despite creeping concerns about the copper-heavy sovereign, S&P has affirmed its A+ rating on Chile and maintains a stable outlook. "Chile has the highest sovereign rating in Latin America," says S&P analyst Joydeep Mukherji. "This reflects its low public-sector debt and net external debt, ample fiscal flexibility, and increasingly prosperous economy." Prudent fiscal management has led the government to accumulate assets in two stabilization funds that are estimated to approach 17% of GDP by the

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