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Country risk in Latin American nations increases significantly

Global uncertainty affects international markets' view of Latin America and perceptions of the country risk of this region's nations.

For example, Chile's five-year dollar-denominated credit default swap (CDS, a financial instrument used to measure default risk) reached its highest level since Apr. 3, 2020.

After the rejection victory in the Sept. 4 referendum on a new constitution, the country's risk did fall from 145 to a low of 116 on Sept. 12.

But then began a rapid rise and closed Tuesday at 165 points, an increase of almost 40%.

Experts in Chile agree that this . . .

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