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S&P Raises Ecuador to B-

Nov 21, 2007

S&P has raised Ecuador's long-term sovereign credit rating two notches to B- from CCC, while keeping the short-term sovereign credit rating at C. "The two-notch upgrade and stable outlook are underpinned by evidence of increased government pragmatism to...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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