Standard and Poor’s affirms Ecuador’s Credit Rating to Stable

Standard & Poor’s Ratings Services lifted its outlook on Ecuador, saying the South American country could reduce its dependence on oil revenue in part by accessing international capital markets. S&P affirmed Ecuador’s sovereign credit rating at B, five notches into junk territory. The outlook was revised to positive from stable. The ratings firm believes that Ecuador’s government could strengthen its fiscal position by increasing its tax revenue or by diversifying its funding options. Read Article

THINKING OF MOVING TO ECUADOR – THIS BOOK IS INDISPENSABLE