Chile keeps Latin America’s top rating as S&P raises outlook

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S&P Global Ratings kept its classification of Chile as the highest in Latin America and raised its outlook to stable, citing the government’s commitment to halt a multi-year rise in the debt burden.

Chile sees its gross debt burden reaching 41.3 percent of GDP at the end of the year, more than doubling in the past decade.

Still, Chile is a long way from regaining its former position as the poster-child of free-market reforms and fiscal prudence in Latin America.

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Article Details

Author / Journalist: Carolina Gonzalez | Bloomberg

Category: BusinessStartups

Markets: PhilippinesChileIsraelItalyLatviaLithuaniaPanamaPeruUruguay

Topics: Latin Chile’s Debt Chile America Growth Year Political Fiscal Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 14:19:13 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 763 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 23090248

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