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CAF Takes Ecuador Hit

Dec 18, 2008

S&P has slapped a negative outlook on CAF’s A+/A-1 rating amid concerns about exposure to Ecuador, which is in default, as well as Venezuela and Argentina. "We revised the outlook to negative because the credit risk embedded in CAF's portfolio rose sharply following Ecuador's decision to default on its bonded debt," says S&P credit analyst Lisa Schineller. Lending...

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It’s going to be a tough road for [Maduro]. Given the blow to Chavismo with the death of Chavez, there is a real likelihood of some form of real change in Venezuela.

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