Fitch Rates Ecuador's 2022 USD1 Billion Bond 'B'
The proceeds from this issuance will be used for general budgetary financing purposes.
KEY RATING DRIVERS
The bond rating is in line with Ecuador's Long-Term Foreign Currency Issuer Default Rating (IDR) of 'B'.
RATING SENSITIVITIES
The bond rating would be sensitive to any changes in the Ecuador's Long-Term Foreign Currency IDR.
On Oct. 2, 2015, Fitch affirmed Ecuador's Long-Term Foreign Currency IDR at 'B' and maintained the Stable Outlook.
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