DCM Seen as Option for Reelected Correa

Feb 19, 2013

With President Rafael Correa cruising to reelection as expected this past weekend, attention turns to Ecuador's potential reengagement with the international bond markets. Analysts and investors see a new bond as a possibility, despite potential obstacles, particularly given Correa's campaign pledges to increase spending. The recent successful high-yield bond debuts of Bolivia and Paraguay may have helped pave the way. “The market is very forgiving of countries with previous problems and political chaos. If one thinks of Ecuador of the past and...

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