Free Trial
MARKET INSIGHT

No Sign Of Stress In US Delinquencies

EURUSD TECHS

Trend Needle Points North

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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."
105 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 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."