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Prospect News home > News index > List of issuers E > Headlines for Ecuador > News item |
Fitch rates Ecuador notes B-
Fitch Ratings said it assigned a B- rating to Ecuador's $1 billion notes due in January 2029.
The notes have a coupon of 10.75%.
The proceeds will be used for government programs, infrastructure projects and to refinance existing debt, Fitch said.
The bond rating is aligned with Ecuador's long-term foreign-currency issuer default rating of B-.
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