Outlook: Stable
Action date: 10/16/2021
Rating action: Affirmed


Axesor Rating affirms the credit rating of the Republic of Chile, which remains at A- with a stable trend. The Republic of Chile is the fourth largest economy in Latin America, with a population of just over 19 million inhabitants and a GDP of 252 billion dollars as of December 2019. The GDP per inhabitant is close to 15,000 dollars. The rating is based on the recovery path that we expect to see in the Chilean economy, leaving behind the contraction of 5.8% with which 2020 closed. Likewise, our rating takes into account the good situation of public finances and the reduced indebtedness. On the contrary, it is constrained by the maintenance of social inequalities and the high temporality of the labor market, among others.


Date last rating: 10/16/2021
Date first rating: 11/07/2020