Fitch Rates Ecuador's 2022 USD1 Billion Bond 'B'

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has assigned a 'B' rating to Ecuador's USD1 billion 10.75% notes maturing in 2022.

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.

Date of Relevant Rating Committee: Oct. 1, 2015

Additional information is available on www.fitchratings.com

Applicable Criteria

Sovereign Rating Criteria (pub. 18 Jul 2016)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=885219

Additional Disclosures

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1009459

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160725006339/en/

Fitch Ratings
Primary Analyst
Richard Francis
Director
+1-212-908-0858
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Kelli Bissett-Tom
Associate Director
+1-212-908-0564
or
Committee Chairperson
Shelly Shetty
Senior Director
+1-212-908-0324
or
Media Relations
Elizabeth Fogerty
+1-212-908-0526
New York
[email protected]

Source: Fitch Ratings

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• QFC-U.S. Chamber of Commerce Collaborate to Broaden Cross-Border Investment
• Next 100x Crypto: Pepeto Presale Keeps Filling as the Fed Writes New Stablecoin Rules and LINK, XRP Gain
• Velox Pickleball Expands Wholesale Program to Meet Growing Retail Demand for Premium Paddles