August 3, 2010
S&P says it has upgraded Ecuador's sovereign ratings to B minus from CC
S&P says it has upgraded Ecuador's sovereign ratings to B minus from CCC+. The agency believes the government is more willing to make timely payments on its remaining 2015 global bond which the government claims is legitimate in contrast to the 2012 and 2030 global bonds that it defaulted on in 2008-2009, which remain in default. The outlook is stable.