February 14, 2020
Moody's said it has downgraded Quiport, the private operator of the international airport in Quito, to B3 from B2 a week after it cut the government's credit rating by a notch.
The rating agency also changed the outlook on Quiport's ratings to stable from negative, according to a report from February 12.
Quiport's ratings still stand one step above the government's ratings due to "substantial international revenues, strong stand-alone credit quality and access to international financing," Moody'
Airport operator in Ecuador still stands one notch above the government