Ecuador - Credit Rating

Standard & Poor's credit rating for Ecuador stands at B- with stable outlook. Moody's credit rating for Ecuador was last set at B3 with stable outlook. Fitch's credit rating for Ecuador was last reported at B- with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Ecuador thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Ecuador as reported by major credit rating agencies.



AgencyRatingOutlookDate
FitchB- Stable Aug 17 2018
S&PB- Stable Jun 29 2017
FitchB Negative Aug 25 2016
TE29 Stable Apr 16 2016
S&PB Stable Aug 12 2015
Moody'sB3 Stable Dec 19 2014
S&PB+ Stable Aug 20 2014
FitchB Stable Oct 18 2013
S&PB Positive Aug 06 2013
FitchB- Positive Oct 24 2012
Moody'sCaa1 Stable Sep 13 2012
S&PB Stable Jun 07 2012
S&PB- Positive Aug 04 2011
Moody'sCaa2 Stable Feb 01 2011
FitchB- Stable Nov 05 2010
S&PB- Stable Aug 02 2010
Moody'sCaa3 Stable Sep 24 2009
FitchCCC Stable Sep 04 2009
S&PCCC+ Stable Jun 15 2009
Moody'sCa Stable Dec 16 2008
S&PSD N/A Dec 15 2008
FitchRD N/A Dec 15 2008
FitchCCC Negative Watch Nov 17 2008
Moody'sCaa1 Negative Watch Nov 14 2008
S&PCCC- Negative Watch Nov 14 2008
Moody'sCaa1 Stable Nov 14 2008
Moody'sB3 Stable Mar 20 2008
S&PB- Stable Nov 20 2007
FitchCCC Stable Oct 30 2007
Moody'sCaa2 Negative Jan 30 2007
FitchCCC Negative Watch Jan 23 2007
S&PCCC Negative Jan 19 2007
Moody'sCaa1 Stable Jan 08 2007
Moody'sCaa1 Positive Jan 30 2006
S&PCCC+ Stable Oct 04 2005
FitchB- Negative Aug 29 2005
S&PCCC+ Negative Watch Aug 23 2005
S&PCCC+ Stable Jun 20 2005
S&PB- Negative Watch Apr 21 2005
S&PB- Stable Jan 24 2005
FitchB- Stable Oct 07 2004
Moody'sCaa1 Stable Feb 24 2004
FitchCCC+ Stable Sep 26 2003
S&PCCC+ Stable Sep 18 2003
FitchCCC+ Positive Mar 24 2003
S&PCCC+ Positive Feb 05 2003
FitchCCC+ Stable Nov 08 2002
S&PCCC+ Stable Dec 04 2001
S&PCCC+ Negative Apr 02 2001
S&PB- Stable Aug 25 2000
S&PSD N/A Aug 01 2000
S&PSD N/A Jul 31 2000
Moody'sCaa2 Stable Oct 05 1999
Moody'sB3 Negative Sep 14 1998
Moody'sB1 Negative Watch Jun 08 1998
Moody'sB1 Negative Apr 17 1998
Moody'sB1 Stable Jul 24 1997


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 65
B- B3 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B2 BB- 60
BB- Ba3 BB- 40
SD Caa3 53
B B3 B 25
AA Aa3 AA- AA (high) 88
B- B3 25
B+ N/A 30
A+ A2 N/A 91
BB- Ba3 BB- 38
B B3 28
A- A2 73
BB- Ba2 BB- BB (low) 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ A1 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB+ Ba2 BB+ 45
Caa2 20
BBB- Ba2 BB+ BB 36
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B- 29
B B3 B 28
CCC+ B3 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA Aaa AAA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A Caa1 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B B3 B 31
B+ B3 BB- B (high) 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa2 BBB 46
B- Caa1 B- 25
A+ A2 A+ A (high) 70
N/A Aa2 98
AA- A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B2 B+ 20
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA 88
BB- BB 48
A- A3 A- 66
B2 B+
A- A3 A+ A (high) 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- B3 B 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 RD 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B B2 B 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa3 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BBB BBB 44
D 0
AA- Aa3 AA- 87
B- B3 CC 30
BBB- Baa3 BBB- 52
BBB- Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB Ba3 BB 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
A- Baa1 A- A 62
B+ B1 B+ 38
B3 25
B B2 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
B1
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
N/A B2 B+ 44
B+ Ba3 BB BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD C RD 5
BB- Ba3 BB 29
B- Caa1 B 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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