Credit rating agency Fitch has downgraded both the national and international ratings of Ecuadorian telecommunications company ETB. The downgrade reflects increasing concerns over ETB’s ability to refinance its existing debt obligations. Specifically, delays in securing refinancing have contributed to a weakening of the company’s financial flexibility. Fitch has also placed ETB on negative watch, indicating a potential for further downgrades in the future. This action signals increased risk for investors and creditors. The agency’s assessment highlights challenges ETB faces in managing its financial position and maintaining access to capital. The downgrade impacts ETB’s borrowing costs and overall financial stability.