Fitch strikes down Ecuador on financing worries

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Fitch strikes down Ecuador on financing worries

Oliver West
August 20, 2018 12:45 PM
Lenin Moreno, Ecuador, LatAm
President of Ecuador, Lenin Moreno receives the ceremonial staff of indigenous leaders in the archaeological park of CochasquÌ, an area considered sacred in Ecuador, in CochasquÌ, Thursday, May 25, 2017. (Photo by Franklin J·come / ACG). *** Please Use Credit from Credit Field *** | ACG/SIPA USA/PA Images

Fitch Ratings has downgraded Ecuador from B to B- on the back of its rapidly rising debt burden, even though the country finally has a finance minister popular with bond investors.

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Oliver West
US Bureau Chief - Latin America Editor
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