Ecuador Expected to Pay Coupon

Ecuador Expected to Pay Coupon

Corporate & Sovereign Strategy

Ecuador looks set to make good on an August 15 coupon payment, but analysts do not rule out a restructuring. "The August 15 $135m coupon payment on the 2030s is likely to be honored and that the government is likely to stay current on its obligations this year," says Goldman Sachs. "However, following the elections for the new constituent assembly on September 30 and as fiscal pressures start to mount as we enter 2008 there is the risk the government might feel tempted to pursue a non-market-bas

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