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Fitch restores stable outlook for Ecuador

Fitch restores stable outlook for Ecuador

August 23, 2019
IMF financing and bond buybacks help take the pressure off the country's finances, rating agency says

Debt Capital Markets Corporate & Sovereign Strategy Bonds Economy & Policy Fixed Income Funds Politics Ecuador Andean

Fitch Ratings has reinstated a stable outlook on Ecuador's credit ratings, saying a $4.2bn package from the IMF and a recent bond buyback have helped take pressure off the country's finances. Fitch said it has kept Ecuador's rating at B- in case a change in government policies increases funding needs or limits access to financing. "The ratings are further constrained by high commodity dependence and weak economic growth and future prospects," Fitch said in a report. Fitch expects Ecuador to post

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