Additionally, the firm maintained the long-term outlook at “stable,” citing an improvement in the country’s fiscal trajectory in recent years.
The agency Standard & Poor’s said on Tuesday that it maintained Chile’s debt rating in foreign currency at “A/A-1” and that it revised its outlook to “stable”, citing an improvement in the country’s fiscal trajectory.
The rating agency maintained that heChile’s solid democratic institutions are economic anchors that have absorbed internal and external shocks in the last five years.
He added that he expects continuity in the fiscal and monetary policy of the South American country, which highlights its institutional stability.
Chile’s debt burden should stabilize due to the country’s commitment to fiscal consolidation, the agency highlighted.
“This news is positive for the country, It is a recognition of the substantial progress in fiscal consolidation since this Government took office.“said Finance Minister Mario Marcel.
