DBRS Assigns Short-Term Foreign Currency Rating of R-1 (middle) to Chile, Stable Trend

DBRS, Inc. (DBRS) has today assigned a R-1 (middle) short-term issuer rating to the local currency debt with a Positive trend, and a R-1 (middle) short-term issuer rating with a Stable trend to the foreign currency debt of the Republic of Chile. The R-1 (middle) ratings are consistent with DBRS’s long-term issuer ratings on the local currency debt of AA (low), Positive trend, and foreign currency debt of A (high), Positive trend, as per DBRS’s rating scales.

Note:
The principal applicable methodology is Rating Sovereign Governments, which can be found on our website under Methodologies. The principal applicable rating policies are Commercial Paper and Short-Term Debt, and Short-Term and Long-Term Rating Relationships, which can be found on our website under Rating Scales.

The sources of information used for this rating include the Central Bank of Chile, Ministry of Finance, INE, IMF, OECD, and Haver Analytics. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Michael Heydt
Rating Committee Chair: Alan G. Reid
Initial Rating Date: May 30, 2006
Most Recent Rating Update: December 20, 2011

For additional information on this rating please refer to the linking document under Related Research.