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BRIEF-S&P says Chile long-term foreign currency rating lowered to 'A+' on higher external vulnerabilities
July 13, 2017 / 9:36 PM / a month ago

BRIEF-S&P says Chile long-term foreign currency rating lowered to 'A+' on higher external vulnerabilities

July 13 (Reuters) -

* S&P says Chile long-term foreign currency rating lowered to 'a+' on higher external vulnerabilities; outlook is stable

* S&P says lowering long-term foreign currency rating on chile to 'a+' from 'aa-' and long-term local currency rating to 'aa-' from 'aa'

* S&P says outlook on Chile's long-term ratings is stable‍​

* S&P on Chile - downgrade reflects prolonged subdued economic growth

* S&P says outlook is stable, reflecting view that gradual fiscal consolidation, a slow but sustained economic recovery will help stabilize chile's external profile

* S&P on Chile - subdued economic growth has hurt fiscal revenues, contributed to increases in debt burden, and eroded country's macroeconomic profile

* S&P says deterioration in chile's financial profile has moderately increased its vulnerability to external shocks

* S&P -combination of still-low global copper prices and low domestic business confidence continues to constrain private consumption & investment in chile

* S&P - base case is that chile will continue to operate under some form of rules-based fiscal policy, likely incurring modest structural fiscal deficits in coming years Source: (bit.ly/2vi3t0Z )

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