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Moody’s Assigns Post-Default Rating to Ecuador

Sep 25, 2009

Moody’s has changed the rating on Ecuador’s outstanding global bonds to Caa3 with stable outlook from Ca with developing outlook....

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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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