Chile — Sovereign Signal
BT-SFS 62.6/100 · A · 72bps over Treasuries
Score and market snapshot
Chile trades 27bps tight of its fundamentals fit (fitted spread 99bps).
| Field | Value |
|---|---|
| BT-SFS | 62.6 / 100 |
| Rank | 10 of 51 |
| Composite rating | A |
| Agency ratings | Moody's A2 · S&P A · Fitch A- |
| Benchmark USD bond | CHILE 2.55 32 |
| Spread over Treasuries | 72bps |
| Yield to worst (S.A.) | 5.72% |
| Duration | 4.8y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 66.0 |
| External | 16.6 |
| Macro | 59.8 |
| Institutions | 97.6 |
The ten metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Reserves, months of imports | External | 4.2 mo | 16.6 | World Bank | 2025 |
| General government debt / GDP | Fiscal | 42.5% | 57.4 | IMF | 2026 |
| FX public debt / GDP | Fiscal | 14.7% | 77.7 | World Bank/IMF QPSD | 2026 |
| Net interest / revenue | Fiscal | 3.3% | 90.6 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -1.7% | 41.1 | IMF | 2026 |
| Governance (WGI GE + RQ) | Institutions | 70.1 | 100.0 | WGI | 2025 |
| Inflation track record | Institutions | 4.1% | 94.0 | IMF | 1997–2026 (h=10) |
| Real GDP growth, centred 3-year | Macro | 2.4% | 34.4 | IMF | 2025–2027 |
| GDP per capita, USD | Macro | $20,240 | 94.2 | IMF | 2026 |
| Growth volatility, 10-year | Macro | 4.0pp | 30.8 | IMF | 2016–2025 |
Score history
Applying the current methodology to historical sources, Chile moves from 70.1 in 2016 to 62.6 in 2026 (-7.5 points over ten years).
Default and restructuring registry
No bond default or restructuring events in the registry window.
Frequently asked questions
What is Chile's sovereign credit score?
Chile scores 62.6/100 on the BT Sovereign Fundamentals Score, ranking 10 of 51 sovereigns covered. The score is built from ten public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Chile USD bond does BondTerminal track?
CHILE 2.55 32 (ISIN US168863DN50), the near-5-year USD benchmark, currently 72bps over Treasuries with a 5.72% yield to worst (S.A.).
Is Chile trading wide or tight of its fundamentals?
Chile trades 27bps tight of its fundamentals fit (fitted spread 99bps).