Ecuador Gets Ugly, Says BCP

Ecuador Gets Ugly, Says BCP

Corporate & Sovereign Strategy

Ecuador has typically been a willingness to pay issue for bondholders, but BCP says it may soon hinge on ability to pay. "Ecuador may no longer be threatening to default, but the erosion of the country's political and macroeconomic conditions is putting it on a trajectory where it may have no other choice," says the Connecticut-based boutique in a report. "The situation in Ecuador is becoming ugly, as the country gears up for the Constitutional Assembly," it adds. Besides political turmoil and t

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