Fitch Ratings – Fitch Affirms Ecuador’s FC IDR at ‘B-‘; Outlook Stable

Evaluation of Ecuador’s finances:

Greater evidence and track record of willingness to service debt through political and economic cycles would be positive for Ecuador’s ratings. Increased availability of financing sources, sustained high growth performance and reduced external vulnerabilities would also benefit creditworthiness. On the contrary, a greater-than-expected deterioration in fiscal and external accounts, re-emergence of financing constraints and signs of erosion in willingness to service its outstanding debt could undermine the sovereign’s ratings.

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