S&P downgrades Chile to A as Fitch affirms A-

S&P downgrades Chile to A as Fitch affirms A-

Corporate & Sovereign Strategy Credit Ratings S&P Global Bonds Debt Economy & Policy Fixed Income Chile

S&P Global Ratings cut its long-term foreign currency credit rating by one notch to A from A+ on Wednesday, citing weaker fiscal flexibility in one of Latin America's strongest economies. Chile's credit outlook however was revised to stable from negative by S&P. In contrast, Fitch Ratings affirmed Chile's credit rating at A- with a stable outlook earlier on Wednesday. According to S&P estimates, Chile's fiscal deficits will be moderately higher than the rating agency had expected and

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