trending Market Intelligence /marketintelligence/en/news-insights/trending/waXmOZdOEXOyyiTXa8Octw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch downgrades Chile, but raises outlook to stable

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Fitch downgrades Chile, but raises outlook to stable

Fitch Ratings downgraded Chile's long-term foreign-currency issuer default rating to A from A+ and revised the country's outlook to stable from negative, while also lowering the ratings on senior unsecured foreign bonds to A from A+.

The rating agency said the downgrade reflects Chile's prolonged period of weak economic growth and lower copper prices, although the country's strong governance and credible policy framework have preserved macroeconomic stability, supporting the revised rating outlook.

Chile's economic growth rate will ease to 1.4% in 2017 amid stagnant mining output, Fitch said, but will recover to 2.4% in 2018 and 2.8% in 2019 due to improved external conditions.

Fitch said Chile's central government deficit will rise to 2.9% of GDP in 2017 and 2018, when public finances are expected to get a final revenue boost from 2014 tax reform efforts. Government debt will also increase to 25% of GDP in 2017 and around 30% by 2019.

Chile could be downgraded again if the economy underperforms, or if government debt burden increases faster than expected, Fitch warned.

As part of the latest rating action, Fitch also downgraded Chile's country ceiling to AA from AA+, and the short-term foreign- and local-currency issuer default ratings to F1 from F1+.