Moody’s downgrades Chile’s credit outlook from “stable” to “negative”

The agency Moody’s lowered Chile’s credit outlook from ‘stable’ to ‘negative’, due to greater risks to the country’s fiscal strength amid the impact of the coronavirus pandemic. However, the agency maintained its rating at A1 supported by still strong fiscal and debt profile support, which mitigates the effect of the shocks in the economy of the world’s largest copper producer.

Source: EMOL