• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
In the Comptroller’s examination, irregularities are observed in the form of hiring signed by Andrés Arauz
COVID-19: these are the brands of the 18 million doses of vaccines that Ecuador will have
CNE recognizes error in more than 6 million presidential ballots and says it will destroy them
Small and medium entrepreneurs of Guayaquil will be trained for business rounds
World food prices rose for the seventh consecutive month
More than 6 million presidential ballots will have to be reprinted due to an error in the logo of a political movement
Ecuador obtained $ 5.5 billion of income from exports in 2020
Ecuador, one of the nations most attacked by hackers
Why is inflation so low in Latin America and what does it say about the region’s economy
Femicide, a drama that involves more families in Ecuador

Moody’s upgraded Ecuador´s rating

Posted On 20 Dec 2014

moodys-agencia-calificadoraThe rating agency Moody’s upgraded the credit rating yesterday Ecuador, passing of CAA1 to B3, said the Ministry of Finance.

The risk rating measures the ability of a country to pay its obligations or debts. The page of Moddy indicates that the rating CAA1 means that emissions (eg bonds) are considered speculative with bad reputations and are subject to very high credit risk. While the B3 rating is considered of intermediate grade and are subject to moderate credit risk, which may have certain speculative characteristics.

The Minister of Finance, Fausto Herrera said the rating agency has only accepted the greater fiscal flexibility that the Ecuadorian state has, its strong liquidity position,the improvement in the investment climate and the access to different sources of funding. According to the Minister, Moody’s acknowledged the government policies that are applied to counteract the fall in oil prices. Among them, he said, are the proposed tax law that will generate more revenue and accelerate the private investment.

About the Author
  • google-share
Previous Story

USD 12 million will be allocated in 2015 to increase the ethanol production

Next Story

Correa announced an increase in tariffs for Andean partners

SEARCH

LATEST NEWS

In the Comptroller's examination, irregularities are observed in the form of hiring signed by Andrés Arauz

Posted On 19 Jan 2021

COVID-19: these are the brands of the 18 million doses of vaccines that Ecuador will have

Posted On 19 Jan 2021

CNE recognizes error in more than 6 million presidential ballots and says it will destroy them

Posted On 14 Jan 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net