Moody's and Fitch say Chile's polarization, social demands persist after constitution vote

FILE PHOTO: Police officers stand watch after polls closed, on the day of the referendum on a new Chilean constitution in Santiago, Chile, December 17, 2023. REUTERS/Ivan Alvarado/File Photo

SANTIAGO (Reuters) - A vote in Chile to reject a new constitution on Sunday reduced regulatory uncertainty but does not resolve social discontent or political divisions, rating agencies said on Monday.

The result closes the rewrite process but "highlights ongoing political divisions and social polarization and could increase fiscal pressures," said a report by Fitch Ratings.