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Stock Market & Financial Investment News

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December 26, 2012
14:42 EDTS&P raises Chile to AA- from A+, cites resilience of economy
Standard & Poor's Ratings Services said that it raised its long-term foreign and local currency ratings on the Republic of Chile to 'AA-' and 'AA+' from 'A+' and 'AA', respectively. The outlook on the long-term ratings is stable. the upgrade reflects the growing resilience of the Chilean economy that in turn continues to improve the government's capacity for counter-cyclical policies in the face of an external downturn," said Standard & Poor'.
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