Fitch downgrades Ecuador

Fitch downgrades Ecuador

Corporate & Sovereign Strategy Fixed Income Capital Markets Ecuador

Fitch Ratings has downgraded Ecuador to B- from B, but revised its outlook to stable from negative, the rating agency said in a report on Friday. The cut reflects the sovereign issuer's increased fiscal financing constraints, rising government debt and interest burden as well as its weaker economic growth performance relative to the B rating median. Ecuador's downgrade is also reflective of deteriorating key metrics at a time where its fiscal financing options have narrowed. Fitch said this year

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