Chile's Moody's Upgrade, More Information

The Financial Times covers Chile's feat of obtaining an upgrade in its Moody's Sovereign Debt Rating. Although noting that the Chilean economy is experiencing a downtown, in line with the rest of the world, the FT states that the Chilean economic model has proved remarkably successful in mitigating the effects of the aforementioned downtown.

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Moody's Upgrade Chile to A1

Moody's today upgraded Chile's long term sovereign debt rating from A2 to A1. Chile is the only country so far in 2009 to have had its rating upgraded.

-The agency said the move reflects the country's "strong resilience" to external shocks related to both the government's "robust" foreign asset position and a solid balance sheet that reflects the government's status as a net creditor.-

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Standard and Poor's: Chile v Peru

The article below details Standard and Poor's views on investing in Chile and Peru. Despite classing both countries are 'investment grade', S&P gives Chile a much higher rating, stating that the economy and government are stable and Chile has a far superior infrastructure. 

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The following link is an mpeg file which is an interesting discussion of the findings of the investigation.

Click here for the file and scroll to the page for March 15th 2009.