Moody's Sees CAF Resilience to Ecuador

Moody's Sees CAF Resilience to Ecuador

Corporate & Sovereign Strategy

Moody's sees resilience at CAF, despite exposure to Ecuador, which has defaulted. "The recent and historical experience, both in Ecuador and other CAF member countries, supports the view that CAF is unlikely to be caught up in any government default," said Moody's VP Gabriel Torres. The agency cites comments from the president suggesting it will pay back many of its loans despite the default. Correa also apparently wants to seek new financing from multilateral lenders, including CAF. Ecuador

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