NEW YORK, May 29 (Reuters) – Moody’s Investors Service on
Wednesday cut Tunisia’s sovereign credit rating to Ba2, citing
political uncertainty and the risk of instability as well as
weak finances at government-owned banks and sizeable external
pressures on its balance of payments.

In a sign of potentially more downgrades to come, Moody’s
assigned a negative outlook to the sub-investment-grade credit.

NEW YORK (Reuters) – Ecuador is planning to issue sovereign debt, perhaps before the end of this year or in the first quarter of 2014, marking a return to international debt markets five years after it defaulted on $3.2 billion of sovereign bonds despite an ability to pay.

“Yes, we are working on that,” Ecuador’s ambassador to the United States, Nathalie Cely, said. “We don’t know exactly the month, but it could be as soon as the end of this year or the first trimester of the next year. … Certainly we have found a lot of appetite for government bonds.

NEW YORK, May 29 (Reuters) – Ecuador is planning to issue
sovereign debt, perhaps before the end of this year or in the
first quarter of 2014, marking a return to international debt
markets five years after it defaulted on $3.2 billion of
sovereign bonds despite an ability to pay.

“Yes, we are working on that,” Ecuador’s ambassador to the
United States, Nathalie Cely, said. “We don’t know exactly the
month, but it could be as soon as the end of this year or the
first trimester of the next year. … Certainly we have found a
lot of appetite for government bonds.

May 24 (Reuters) – Latin America should suffer just a short,
sharp shock to its financial markets when the U.S. Federal
Reserve starts to taper its super easy monetary policy as
investors remain convinced of the region’s solid economic
prospects and are attracted by its high-yielding assets.

Investors are coming around to the idea that when the Fed
begins slowing the money printing presses and buys fewer bonds,
it will be because the policy has succeeded in getting the U.S.
economy to grow in a sustainable way. That growth should buoy
global demand and help sales of Latin America’s key exports.