Chile — Sovereign Signal
BT-SFS 68.9/100 · A · 65 bps over Treasuries
Score and market snapshot
Chile trades 17 bps tight of its fundamentals fit (fitted spread 82 bps).
| Field | Value |
|---|---|
| BT-SFS score | 68.9 / 100 |
| Rank | 5 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 | 65 bps |
| Yield to worst | 4.80% |
| Duration | 5.0y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 62.9 |
| External | 46.3 |
| Macro | 72.5 |
| Institutions | 95.8 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Current account / GDP | External | -0.8% | 60.4 | IMF | 2026 |
| International reserves, months of imports | External | 4.2 mo | 35.6 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 42.5% | 75.0 | IMF | 2026 |
| Interest expense / revenue | Fiscal | 3.3% | 83.3 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -1.7% | 25.0 | IMF | 2026 |
| WGI institutional composite | Institutions | 0.92 | 95.8 | WGI composite | 2024 |
| Real GDP growth | Macro | 2.4% | 33.3 | IMF | 2026 |
| GDP per capita, USD | Macro | $20,240 | 75.0 | IMF | 2026 |
| Inflation stress | Macro | 2.9% | 100.0 | IMF | 2026 |
Score history
Applying the current methodology to historical sources, Chile moves from 74.3 in 2016 to 68.9 in 2026 (-5.4 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 68.9/100 on the BT Sovereign Fundamentals Score, ranking 5 of 51 sovereigns covered. The score is built from nine 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 65 bps over Treasuries with a 4.80% yield to worst.
Is Chile trading wide or tight of its fundamentals?
Chile trades 17 bps tight of its fundamentals fit (fitted spread 82 bps).
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.
- Chile bond directory — every Chile USD bond BondTerminal tracks.
- Chile vs Peru — fundamentals and spreads head to head.
- Chile vs Uruguay — fundamentals and spreads head to head.
- Costa Rica — regional peer, BT-SFS 61.0 · 118 bps.
- Trinidad and Tobago — regional peer, BT-SFS 56.8 · 194 bps.
- Guatemala — regional peer, BT-SFS 55.5 · 153 bps.