Private debt could reach GDP 63.8% due to dollar volatility, Oxford Economics

In a “stress” scenario, with a dollar close to CL$830, private sector external debt, which was 58.3% of GDP as of November, could reach a record 68.3% this year, Oxford Economics warned. Considering government’s external debt (19.1% of GDP), Chile’s total external debt totalled 77.4% of GDP at that date, the British firm said. The dollar posted a highest of CL$813 on last Friday trading. Chilean companies most exposed to Chilean peso devaluation are Concha y Toro, Agrosuper and Enjoy, according to Humphreys risk rating agency.

Source: El Mercurio