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BREAKING NEWS
Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers

Ecuador sinks deeper as a junk bond

Posted On 30 Jun 2017

Ecuadornews:

 

 

Ecuador’s difficulties in tackling its level of indebtedness and limited funding alternatives have further deteriorated the country’s position as a junk bond. International rating agency Standard & Poor’s (S & P) yesterday lowered the long-term rating from B to B-. A junk bond is the debt consideration for countries with a rating of B or lower as for risk. It is considered highly speculative and is accompanied by a higher interest rate in case of issuing foreign debt.

Ecuador (B-) and Argentina (B) are the two countries in South America that are in the category of junk bonds, only surpassed by Venezuela (CCC), which is already considered a substantial risk. The worse the rating, the greater the interest a country must pay to access financing in the markets and the shorter the term. (I)

 

Source: http://www.expreso.ec/economia/ecuador-se-hunde-mas-como-bono-basura-FB1506654

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