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 . . .
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