RIO DE JANEIRO, BRAZIL - The Ecuadorian government hopes to tackle the country's dire economic situation with a "final offer" to restructure its foreign debt. One major group of creditors, the AdHoc Group, initially expressed its satisfaction with the offer submitted. However, other creditors are hoping for a more favorable proposal. The AdHoc Group also includes the world's largest asset manager - BlackRock - which holds around 53 percent of all Ecuadorian debt securities.
The . . .