Fitch Affirms Chile at ‘A+’; Revises Outlook to Negative

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed Chile’s Long-term Foreign- and Local-currency Issuer Default Ratings (IDRs) at ‘A+’ and ‘AA-‘, respectively, and has revised the Outlook to Negative. The issue ratings on Chile’s senior unsecured Foreign- Currency bonds are also affirmed at ‘A+’. The Short-term Foreign- and Local-currency IDRs have been affirmed at ‘F1+’ and the Country Ceiling at ‘AA+’. KEY RATING DRIVERS The revision of Chile’s Outlook to Negative reflects prolonged econom