Fitch restores stable outlook for Ecuador

Fitch restores stable outlook for Ecuador

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

Already have an account?

Free trial

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

Free Trial