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 Caa1 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.

Agency	Rating	Outlook	Date
Moody's	Caa1	Stable	Jan 26 2026
S&P	B-	Stable	Aug 20 2025
S&P	B-	Negative	Jan 11 2024
Moody's	Caa3	Stable	Feb 26 2021
S&P	B-	Stable	Sep 01 2020
S&P	SD	N/A	Apr 13 2020
Moody's	Caa3	Negative	Apr 03 2020
S&P	CCC-	Negative Watch	Mar 25 2020
Moody's	Caa1	Stable	Feb 06 2020
Moody's	B3	Negative	Dec 12 2018
S&P	B-	Stable	Jun 29 2017
S&P	B	Stable	Aug 12 2015
Moody's	B3	Stable	Dec 19 2014
S&P	B+	Stable	Aug 20 2014
S&P	B	Positive	Aug 06 2013
Moody's	Caa1	Stable	Sep 13 2012
S&P	B	Stable	Jun 07 2012
S&P	B-	Positive	Aug 04 2011
Moody's	Caa2	Stable	Feb 01 2011
S&P	B-	Stable	Aug 02 2010
Moody's	Caa3	Stable	Sep 24 2009
S&P	CCC+	Stable	Jun 15 2009
Moody's	Ca	Stable	Dec 16 2008
S&P	SD	N/A	Dec 15 2008
S&P	CCC-	Negative Watch	Nov 14 2008
Moody's	Caa1	Negative Watch	Nov 14 2008
Moody's	Caa1	Stable	Nov 14 2008
Moody's	B3	Stable	Mar 20 2008
S&P	B-	Stable	Nov 20 2007
Moody's	Caa2	Negative	Jan 30 2007
S&P	CCC	Negative	Jan 19 2007
Moody's	Caa1	Stable	Jan 08 2007
Moody's	Caa1	Positive	Jan 30 2006
S&P	CCC+	Stable	Oct 04 2005
S&P	CCC+	Negative Watch	Aug 23 2005
S&P	CCC+	Stable	Jun 20 2005
S&P	B-	Negative Watch	Apr 21 2005
S&P	B-	Stable	Jan 24 2005
Moody's	Caa1	Stable	Feb 24 2004
S&P	CCC+	Stable	Sep 18 2003
S&P	CCC+	Positive	Feb 05 2003
S&P	CCC+	Stable	Dec 04 2001
S&P	CCC+	Negative	Apr 02 2001
S&P	B-	Stable	Aug 25 2000
S&P	SD	N/A	Aug 01 2000
S&P	SD	N/A	Jul 31 2000
Moody's	Caa2	Stable	Oct 05 1999
Moody's	B3	Negative	Sep 14 1998
Moody's	B1	Negative Watch	Jun 08 1998
Moody's	B1	Negative	Apr 17 1998
Moody's	B1	Stable	Jul 24 1997