The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in Chile
Chile is characterized by generally sound regulation, political and economic stability. Chile's foreign-investment regime is considered to be one of the most liberal in the world. Chile also has an open trade policy and its economy is highly dependent on international trade, accounting for more than 60% of its GDP. Chile has an extensive portfolio of signed Free Trade Agreements including the Canada-Chile Free Trade Agreement (CCFTA). The Chilean market presents numerous business opportunities across many sectors and a favourable investment climate. Canada has a well-established trade and investment relationship with Chile and an increasing number of Canadian companies are active in the market.
EDC serves Canadian companies in Chile through our local representation in Santiago.