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S&P Predicts 0%-30% Ecuador Recovery

Dec 16, 2008

S&P has cut Ecuador to SD from CCC minus and predicts scant payback for investors still holding sovereign bonds. “The recovery rating on the global 2012s and global 2030s is 6, indicating the expectation for negligible (0%-10%) recovery in the event of a payment default,” says the...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management


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