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BRIEF-Fitch affirms Ecuador's ratings at 'B'; outlook remains negative
August 24, 2017 / 5:03 PM / 3 months ago

BRIEF-Fitch affirms Ecuador's ratings at 'B'; outlook remains negative

Aug 24 (Reuters) - Fitch:

* Fitch affirms Ecuador sovereign ratings at B; negative outlook‍​

* Fitch says Ecuador’s high fiscal deficits and weak growth prospects are leading to a rapid rise in general government debt​

* ‍Fitch - Ecuador’s debt tolerance comparatively weaker due to high commodity dependence, constrained external financing flexibility

* Fitch - expects Ecuador’s government to meet its financing needs through a combination of bilateral loans from China, fresh multilateral loans Source text for Eikon:

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