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Fitch Affirms Ecuador at B-, Outlook Stable

LATAM
  • Fitch Ratings has affirmed Ecuador's Long-Term Foreign Currency Issuer Default Rating (IDR) at 'B-'. The Rating Outlook is Stable.
  • From the relese:
  • "Ecuador's 'B-' rating balances relatively high per-capita income, a strengthened external liquidity position, and a favorable debt service profile following a 2020 restructuring with weak economic growth (pre- and post-pandemic), a poor debt repayment record, and heightened political risks stemming from recent instability."
  • "The Stable Outlook balances a substantial and better-than-expected fiscal improvement in recent years with rising social and political challenges that could pressure public finances, complicate recovery of external market access, and hinder structural reforms likely needed for a stronger, more sustainable growth path."

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