Fitch cuts Chile to A- on higher spending

Fitch cuts Chile to A- on higher spending

Bonds Debt Capital Markets Economy & Policy Regulation Politics Chile Andean

Fitch Ratings said Thursday that it downgraded Chile by one rung to A- as large-scale protests late last year and the COVID-19 pandemic this year led to higher public spending. The lower rating reflects "Chile's lower trend growth prospects, eroding fiscal balance sheet and political/social risks," Fitch said in a statement. But the country still has "credible" macroeconomic policies and lower debt levels than other A-rated peers, it added. Fitch also cut Chile's local-currency ratings by two no

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