Fitch casts negative outlook on Ecuador

Fitch casts negative outlook on Ecuador

Debt Corporate & Sovereign Strategy Capital Markets Economy & Policy Politics Ecuador

Fitch Ratings has given Ecuador's credit ratings a negative outlook, citing "relatively large fiscal financing needs" and "uncertain access" to funding sources. "A faster fiscal consolidation to reduce the funding gap is difficult and uncertain, especially as it could bring additional challenges for Ecuador's economic and political outlook," Fitch said in a report. "Ecuador's low level of international reserves and resulting weak external liquidity are an additional consideration," it added. Fit

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