Aug 20 Ratings agency Standard & Poor's on
Wednesday raised its long-term sovereign credit ratings on the
Republic of Ecuador to B-plus from B.
The ratings agency affirmed the B short-term issuer credit
ratings on Ecuador and raised the transfer and convertibility
(T&C) assessment to B-plus from B. (bit.ly/1rmWX5z)
"We raised the long-term ratings on Ecuador as a result of
the government's greater fiscal flexibility, better external
liquidity position, and the improving investment climate in the
country." Standard & Poor's said in a statement.
The ratings agency said the outlook is stable.
(Reporting by Tanvi Mehta in Bangalore; Editing by Leslie