Economy

Moody’s downgrades Chile’s debt rating to “A2”; Change the outlook to stable from negative

Moody’s downgrades Chile’s debt rating to “A2”;  Change the outlook to stable from negative

debt rating agency Moody’s downgraded Chile’s credit rating on Thursday One score to “A2” from “A1”, in order to warn of weakening the economic and financial inclinations of the South American nation.

The company changed the outlook for Chile to “stable” from “negative”, and predicted that its credit profile may remain on the same line. Grade “A2” From Sovereign Notes.

At the end of August, Moody’s assigned a negative outlook for Chile due to the economic impact of the coronavirus pandemic and strong social pressures.

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