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Bloomberg – Ecuador Credit Rating Raised One Level by S&P on `Willingness’ to Pay Debt

Date: Aug 3, 2010

Ecuador’s credit rating raised, still six notches into junk territory, following President Rafael Correa’s refusal to pay back some debts to foreign creditors:

Ecuador’s credit rating was raised one level by Standard & Poor’s Ratings Service, which cited the nation’s “willingness” to pay its debt.

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