Ecuador’s country risk with higher ratings

According to news agency Reuters, in Sydney, the rating agency Standard & Poor’s (S & P) awarded a better credit rating to Ecuador, taking it from stable to positive, due to better preparation of the country in meeting debt obligations.

The former Minister of Finance, Fausto Ortiz, believes that the decision of S & P reflects the evolution of Ecuador in meeting its obligations, especially with 2015 global bonds, which maintain the highest balance with $ 650 million.

On the other hand, Jaime Carrera, from the Fiscal Observatory, says that the change has no real relevance in the debt issuance plans of the country.

Ecuador went from stable to positive on credit rating