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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