Ecuador Credit Ratings & Outlooks

País
Moody's
S&P
Fitch
DBRS
Scope Ratings
Ecuador
Caa1
Stable
B-
Stable
CCC+
NR
NR

Historia del Rating Crediticio.

País
Date of Change
Agencia de Rating
Rating Anterior
Pronóstico Anterior
Rating Actual
Current Outlook
Ecuador
ene. 26, 2026Moody'sCaa3StableCaa1Stable
Ecuador
ago. 20, 2025S&PB-NegativeB-Stable
Ecuador
ene. 11, 2024S&PB-StableB-Negative
Ecuador
ago. 16, 2023FitchB-NegativeCCC+
Ecuador
may. 23, 2023FitchB-StableB-Negative
Ecuador
feb. 26, 2021Moody'sCaa3NegativeCaa3Stable
Ecuador
sep. 03, 2020FitchRDB-Stable
Ecuador
sep. 01, 2020S&PSDB-Stable
Ecuador
abr. 20, 2020FitchCRD
Ecuador
abr. 13, 2020S&PCCC-Negative WatchSD
Ecuador
abr. 09, 2020FitchCCC
Ecuador
abr. 03, 2020Moody'sCaa1StableCaa3Negative
Ecuador
mar. 25, 2020S&PB-StableCCC-Negative Watch
Ecuador
mar. 24, 2020FitchCCCCC
Ecuador
mar. 19, 2020FitchB-StableCCC
Ecuador
feb. 06, 2020Moody'sB3NegativeCaa1Stable
Ecuador
ago. 21, 2019FitchB-NegativeB-Stable
Ecuador
ene. 10, 2019FitchB-StableB-Negative
Ecuador
dic. 12, 2018Moody'sB3StableB3Negative
Ecuador
ago. 17, 2018FitchBNegativeB-Stable

Tabla de Claves

GradoMoody'sS&PFitchDBRSScope Ratings
Principal
Aaa
AAA
AAA
AAA
AAA
Grado Alto
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Grado Medio Superior
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Grado Medio Inferior
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Grado de No Inversión Especulativo
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
En Impago con Pocas Perspectivas de Recuperación
CD
RD
RD
En Impago
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
No Calificado.
NR
NR
NR
NR
NR
Preguntas frecuentes
Ecuador’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Ecuador’s credit risk.
This page lists the latest rating and outlook actions for Ecuador, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Ecuador's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Ecuador ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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