S&P Global Ratings upgraded Ecuador to 'B' from 'B-' with a stable outlook on 14 August 2026, its first lift in six years, citing better fiscal management.
Ecuador · Economy
Key Facts
—The action S&P Global Ratings raised Ecuador’s long-term sovereign rating to ‘B’ from ‘B-‘ on 14 August 2026, with a stable outlook.
—The wait it was Ecuador’s first upgrade from S&P in about six years, ending a long stretch stuck at ‘B-‘.
—The reason S&P cited stronger fiscal and debt management, plus better access to official and market financing.
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