Chile Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
A2 Stable | A Stable | A- Stable | N/A — | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Sep 26, 2025 | Fitch | A- | Stable | A- | Stable | |
| Oct 15, 2024 | S&P | A | Stable | A | Stable | |
| Sep 15, 2022 | Moody's | A1 | Negative | A2 | Stable | |
| Mar 24, 2021 | S&P | A+ | Negative | A | Stable | |
| Oct 15, 2020 | Fitch | A | Negative | A- | Stable | |
| Aug 25, 2020 | Moody's | A1 | Stable | A1 | Negative | |
| Apr 27, 2020 | S&P | A+ | Stable | A+ | Negative | |
| Mar 12, 2020 | Fitch | A | Stable | A | Negative | |
| Jul 26, 2018 | Moody's | Aa3 | Negative | A1 | Stable | |
| Aug 24, 2017 | Moody's | Aa3 | Stable | Aa3 | Negative | |
| Aug 11, 2017 | Fitch | A+ | Negative | A | Stable | |
| Jul 13, 2017 | S&P | AA- | Negative | A+ | Stable | |
| Apr 12, 2017 | DBRS | AA (low) | Stable | N/A | — | |
| Jan 26, 2017 | S&P | AA- | Stable | AA- | Negative | |
| Dec 13, 2016 | Fitch | A+ | Stable | A+ | Negative | |
| Feb 08, 2013 | DBRS | A (high) | Positive | AA (low) | Stable | |
| Dec 26, 2012 | S&P | A+ | Positive | AA- | Stable | |
| Dec 20, 2011 | DBRS | A (high) | Stable | A (high) | Positive | |
| Nov 21, 2011 | Fitch | A+ | Stable | A+ | Stable | |
| Feb 01, 2011 | Fitch | A | Stable | A+ | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Chile’s current credit rating?
Chile’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Chile’s credit risk.
Has Chile’s credit rating changed recently?
This page lists the latest rating and outlook actions for Chile, showing when each agency last reviewed or changed its assessment.
Why does Chile’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Chile's bond yields, currency, and equity flows as investors reassess risk.
How does Chile’s rating compare to other countries?
You can explore how Chile ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
Advertisement