Chile's divided Congress will constrain next president, bolster sovereign credit, Moody's says

Moody's reports that Chile's divided Congress will limit the agenda of the next president, supporting sovereign credit quality. Right-wing Jose Antonio Kast leads against Communist Jeanette Jara in the runoff. Both candidates aim to simplify regulations to boost investment in copper production, with Kast focusing on pro-business policies and Jara on state modernization. Both support state ownership of Codelco and partnerships with private firms. Constitutional reforms need four-sevenths Congress support, which no party achieved in November elections.