Merrill Lynch: Ecuador Will Likely Miss February Coupon Payment

Merrill Lynch: Ecuador Will Likely Miss February Coupon Payment

Andean

In a research note sent out at the end of last week, Merrill Lynch said it believed that Ecuador would likely miss the debt service payments in February on its Global '30s notes. The analysis by the Bank followed further details offered by Ecuador about its debt restructuring plans. President Rafael Correa said his administration would present a package to creditors in February and that it would follow the lines of Argentina's restructuring. "Taken together", said Merrill Lynch, "these statement

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