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Fitch revises Ecuador view to stable
Fitch Ratings said it revised its view of Ecuador to stable from negative.
“An IMF program signed in February has eased financing constraints both by expanding financing sources and facilitating a successful liability management operation in June to reduce external market debt maturities in 2020, and has also provided an anchor for fiscal consolidation and structural reforms,” Fitch said in a press release.
Fitch affirmed the country’s long-term foreign-currency issuer default rating at B-.
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