Credit Suisse Cuts Exposure To Ecuador

Credit Suisse Cuts Exposure To Ecuador

Andean

Credit Suisse has cut its exposure to Ecuador but selling off its holding of 2012 global bonds. In a research note sent out to investors on Thursday, the Bank explained it was reducing its exposure as a result of Ecuador's unfolding political scene. Credit Suisse thinks it increasingly likely that populist candidate Rafael Correa will become Ecuador's next president, either on October 15, or following a run-off later in November. The Bank commented that "Correa's proposals on economic policy and

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