Outlook On Two Chilean Government-Owned Entities Revised To Negative On Same Action On The Sovereign, Ratings Affirmed - S&P Global Ratings’ Credit Research

Outlook On Two Chilean Government-Owned Entities Revised To Negative On Same Action On The Sovereign, Ratings Affirmed

Outlook On Two Chilean Government-Owned Entities Revised To Negative On Same Action On The Sovereign, Ratings Affirmed - S&P Global Ratings’ Credit Research
Outlook On Two Chilean Government-Owned Entities Revised To Negative On Same Action On The Sovereign, Ratings Affirmed
Published Apr 28, 2020
3 pages (1517 words) — Published Apr 28, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 27, 2020, S&P Global Ratings revised the outlook on Chile to negative from stable and affirmed the 'A+' foreign currency sovereign credit rating on it. As a result, on April 28, 2020, S&P Global Ratings revised the outlook on ENAP and Codelco. At the same time, we affirmed all ratings on these companies. The negative outlook on these companies reflects our view that there is a one-in-three chance that we can downgrade them if we were to cut our local currency rating on Chile to 'A+' from 'AA-' in the next 24 months. This could occur in case of a prolonged period of low economic growth, following recession in 2020, which could erode the government's fiscal profile. SAO

  
Report Type:

Ratings Action

Ticker
1030Z@CI
Issuer
Empresa Nacional del Petroleo
GICS
Integrated Oil & Gas (10102010)
Sector
Global Issuers, Structured Finance
Country
Chile
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Outlook On Two Chilean Government-Owned Entities Revised To Negative On Same Action On The Sovereign, Ratings Affirmed" Apr 28, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Two-Chilean-Government-Owned-Entities-Revised-To-Negative-On-Same-Action-On-The-Sovereign-Ratings-Affirmed-2420703>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On Two Chilean Government-Owned Entities Revised To Negative On Same Action On The Sovereign, Ratings Affirmed Apr 28, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Two-Chilean-Government-Owned-Entities-Revised-To-Negative-On-Same-Action-On-The-Sovereign-Ratings-Affirmed-2420703>
  
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