No menu items!

Ecuador has a “difficult” socio-political environment and risk of default, says Moody’s

Moody's Investors Service maintained the long-term foreign currency issuer rating of the Government of Ecuador at Caa3, with a stable outlook.

It should be noted that Caa3 is, within Moody's scale, the 19th step out of a possible 21, so Ecuadorian debt is among the worst rated in the world.

According to the US firm, the confirmation of Ecuador's Caa3 rating reflects Moody's assessment that "the country . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content