S&P Positive on Ecuador

S&P Positive on Ecuador

Ecuador Corporate & Sovereign Strategy

S&P has changed the outlook on Ecuador’s B credit rating to positive from stable, it says, on the expectation of an improved fiscal position. The agency highlights the possibility of the government increasing tax revenues and thus reducing a dependence on volatile oil revenues. It is also optimistic on Ecuador’s diversification of funding sources, with better access to the capital markets likely, and notes a strong track record of debt service since a 2008 default. “The government’s improved rel

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial