Fitch Lifts Ecuador

Fitch Lifts Ecuador

Ecuador Bonds Corporate & Sovereign Strategy

Fitch has raised Ecuador’s credit rating to B from B minus, it says, based on an improved outlook. The upgrade reflects healthy economic growth, as well as monetary and financial stability underpinned by dollarization and a steady easing of external and fiscal financing risks as a result of favorable international oil prices. Oil production has recovered and is likely to increase, underpinned by development of mature fields through enhanced recovery, Fitch says. The agency sees financing as mana

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