RIO DE JANEIRO, BRAZIL - International credit rating agency S&P Global Ratings affirmed Ecuador's long-term and short-term sovereign ratings at 'B-' and 'B,' respectively.
The outlook is stable, "reflecting our view that the economic recovery, together with the ongoing implementation of the International Monetary Fund (IMF) program, will reduce the government's financing needs," the agency said in an Aug. 31, 2021 press release.
The outlook also includes continued progress in negotiations to revise the IMF's Extended Fund Facility mechanism.
The agency estimates that proceeding with the agreement should help strengthen Ecuador's economy, ensure . . .
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