By Nathan GillNovember 18, 2015 (Bloomberg) — Ecuador is poised to do something it’s never done in its more than 180-year history: repay a bond.
“What’s positive is that Ecuador has a new chance to honor, for the first time, the payment of its bonds,” said Santiago Mosquera, a former Fitch Ratings analyst who is now head of research at Quito-based brokerage Analytica. “But that’s probably not enough to lower rates to what they were in their last bond sale.”
Click here to read the full story on Bloomberg News.
Southern Affairs 