Ecuador eyes 'consensual reprofiling' as Fitch predicts default

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Ecuador eyes 'consensual reprofiling' as Fitch predicts default

Ecuador, Quito, Palacio de Carondelet, presidential palace, president, Lenin Moreno, LatAm, 575
Shot in three quarters of the facade of the Carondelet Palace in the Plaza de la Independencia in Quito Ecuador with the flag flying | FABIAN - stock.adobe.com

Two days after saying it would take advantage of grace periods to delay coupon payments, Ecuador confirmed that it would begin negotiations with commercial and bilateral creditors around what it calls a “consensual reprofiling” of its outstanding liabilities.

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