KBRA Releases Research – Chile’s Mining Sector May Boost Government Revenue
August 19 2024 - 5:04AM
Business Wire
KBRA releases research illustrating how Chile’s mining sector
may boost its government revenues over the coming years. The mining
sector is critical to Chile's macro economy and government
finances, as indicated in KBRA’s latest credit analysis of the
sovereign (AA-/Stable Outlook for local currency, A/Stable Outlook
for foreign currency). In the research piece, KBRA conducts
scenario analysis on the outlook for copper mining revenue and how
this can support Chile's government income, helping to narrow its
budget deficit. The increasing demand for metals like lithium and
copper is also discussed.
Key Takeaways
- Rising mining revenues, which stem from higher commodity
prices, typically helps narrow Chile’s budget deficit.
- Demand for copper from China has slowed but remains
dynamic.
- Sizable government income uplift is expected in coming years.
KBRA’s stressed revenue outlook for the mining sector still
indicates noticeable strength.
Click here to view the report.
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About KBRA
KBRA is a full-service credit rating agency registered in the
U.S., the EU, and the UK, and is designated to provide structured
finance ratings in Canada. KBRA’s ratings can be used by investors
for regulatory capital purposes in multiple jurisdictions.
Doc ID: 1005528
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Ken Egan, Senior Director +353 1 588 1275 ken.egan@kbra.com
Joanna Drobnik, Managing Director +353 1 588 1250
asia.drobnik@kbra.com
Joan Feldbaum-Vidra, Senior Managing Director +1 646-731-2362
joan.feldbaumvidra@kbra.com
Business Development Contact
Mauricio Noé, Co-Head of Europe +44 20 8148 1010
mauricio.noe@kbra.com