DBRS: Chile trend positive

DBRS, Inc. said it confirmed the Republic of Chile's long-term foreign debt at A (high) and long-term local-currency debt at AA (low) and changed the trend to positive from stable.

The ratings are underpinned by Chile's sound macroeconomic policy framework, strong public balance sheet and stable political institutions, according to the agency.

The positive trend reflects Chile's sustained strong economic performance and demonstrated capacity to weather adverse shocks, the agency said.

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