FOREX TradingCharts.com

Financial News: CHILE: Moody's Downgrades Debt Outlook To Negative From

CHILE: Moody's Downgrades Debt Outlook To Negative From Stable

08/27/2017 - 16:03:00 (RTTNews)

(RTTNews) - Moody's Investors Services downgraded Chile's sovereign debt outlook to negative from stable.

According to the credit risk rating agency, its decision reflects the gradual but widespread erosion of Chile's credit profile, which may continue to carry negative prospects.

"In Moody's view, Chile's GDP growth has undergone a structural shock, due to lower average copper prices and a decline in productivity, from which it is unlikely to fully recover its former strength," Moody's said.

Meanwhile, Moody's noted that the lower economic growth has coincided with higher social demands that have eroded the fiscal position and led to a persistent rise in government debt. "Finally, the marked and quite rapid build-up of economy-wide external indebtedness, particularly in private non-financial corporations, increases external vulnerability," the credit risk rating agency said in its report on Chile.

At the same time, Moody's stated that "the rating affirmation at Aa3 reflects our view that Chile's credit profile retains, at least for now, important strengths, with its scores on governance and policy effectiveness broadly in line with peers in the Aa category and well above the average for regional peers."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Leading Index Falls Less Than Estimated In July (57 min(s), 14 sec(s) ago)
(RTTNews) - Japan's leading index decreased less than initially estimated in July, latest data ...Full Story»

European Economics Preview: Germany's Ifo Business Confidence Data Due (01 hr(s), 36 min(s), 14 sec(s) ago)
(RTTNews) - Business sentiment from Germany is due on Monday, headlining a light day for the Europ ...Full Story»

COLOMBIA: Colcap Rises 0.15% On Bancolombia And Avianca (43 min(s), 46 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, rose 0.15% to close at 1,486.1 ...Full Story»

Japan Manufacturing PMI Rises 52.6 In September - Nikkei (36 min(s), 46 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in September, and at a faster ra ...Full Story»

BRAZIL: Ibovespa Falls For Second Day, Down For The Week (12 min(s), 46 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, closed down for the second consecutive ...Full Story»

ARGENTINA: Merval Hits Record Record Closing High, Led By Mirgor Boost (46 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 1.73% to settle at 25, ...Full Story»

VENEZUELA: Constituent Assembly Calls Up Anti-imperialist Front Against U.S. (33 min(s), 46 sec(s) ago)
(RTTNews) - The Venezuelan government will analyze the creation of an anti-imperialist Patriotic F ...Full Story»

Malaysia Shares Likely To Remain Rangebound (21 min(s), 46 sec(s) ago)
(RTTNews) - Ahead of the long holiday weekend, the Malaysia stock market has finished lower in fou ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Leading Index Falls Less Than Estimated In July

09/25/2017 - 01:12 AM (RTTNews)
(RTTNews) - Japan's leading index decreased less than initially estimated in July, latest data ...Full Story>>

European Economics Preview: Germany's Ifo Business Confidence Data Due

09/25/2017 - 00:33 AM (RTTNews)
(RTTNews) - Business sentiment from Germany is due on Monday, headlining a light day for the Europ ...Full Story>>

COLOMBIA: Colcap Rises 0.15% On Bancolombia And Avianca

09/24/2017 - 20:53 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, rose 0.15% to close at 1,486.1 ...Full Story>>

Japan Manufacturing PMI Rises 52.6 In September - Nikkei

09/24/2017 - 20:46 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in September, and at a faster ra ...Full Story>>

BRAZIL: Ibovespa Falls For Second Day, Down For The Week

09/24/2017 - 20:22 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, closed down for the second consecutive ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.