Current Chile credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Chile ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Chile, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
The table below shows the current Chile credit ratings, according to the main rating agencies.
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | A | negative | 25 Oct 2023 | outlook downgrade |
| Moody's Investors Service | A2 | - | 17 Sep 2022 | rating downgrade |
| Fitch Ratings | A- | - | 16 Oct 2020 | rating downgrade |
| DBRS | N/A | - | 12 Apr 2017 | rating downgrade |
Chile: Long-term Rating Scales Comparison
Chile long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Chile sovereign debt. These scales help investors understand the likelihood that Chile will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
with Lazy Portfolios and Passive Investing
Use top metrics to evaluate
Choose Bond ETFs to control risk
Join the passive investing strategy
Chile Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 25 Oct 2023 | A | |||
| 17 Sep 2022 | A2 | |||
| 25 Mar 2021 | A | |||
| 16 Oct 2020 | A- | |||
| 26 Aug 2020 | A1 | |||
| 28 Apr 2020 | A+ | |||
| 13 Mar 2020 | A | |||
| 26 Jul 2018 | A1 | |||
| 24 Aug 2017 | Aa3 | |||
| 11 Aug 2017 | A | |||
| 13 Jul 2017 | A+ | |||
| 12 Apr 2017 | N/A | |||
| 26 Jan 2017 | AA- | |||
| 13 Dec 2016 | A+ | |||
| 8 Feb 2013 | AA (low) | |||
| 26 Dec 2012 | AA- | |||
| 20 Dec 2011 | A (high) | |||
| 1 Feb 2011 | A+ | |||
| 16 Dec 2010 | A+ | |||
| 16 Jun 2010 | Aa3 | |||
| 23 Mar 2009 | A1 | |||
| 20 Nov 2008 | A2 | |||
| 10 Nov 2008 | A | |||
| 18 Dec 2007 | A+ | |||
| 15 May 2007 | A | |||
| 14 Dec 2006 | A | |||
| 7 Jul 2006 | A2 | |||
| 30 May 2006 | A (high) | |||
| 21 Mar 2006 | Baa1 | |||
| 28 Mar 2005 | A | |||
| 2 Feb 2004 | A- | |||
| 14 Jan 2004 | A | |||
| 16 Apr 2002 | A- | |||
| 30 Aug 1995 | A- | |||
| 11 Jul 1995 | A- | |||
| 29 Jun 1995 | Baa1 | |||
| 3 May 1995 | Baa2 | |||
| 10 Nov 1994 | BBB+ | |||
| 17 Feb 1994 | Baa2 | |||
| 20 Dec 1993 | BBB+ | |||
| 17 Aug 1992 | BBB |
with Lazy Portfolios and Passive Investing
