15/04/2025 03:32
Topic:
Cover on Ecuador
Phil Quinn
|
Hello members
NZ Export Credit has been approached to provide short term cover on Empresa Publica De Hidrocarburos Del Ecuador. (EP Petro Ecuador).
Do any of the members have experience with this counterparty? We seek your advice.
Thanks
Phil Quinn |
17/04/2025 01:49
Topic:
Cover on Ecuador
Phil Quinn
|
Thanks so much for the response Andrea and Euler Hermes.
Can I just ask how long your cover has been in place for and when it expires?
The reason I ask is that S&P reports indicate significant problems for Ecuador to finance and roll over its external debt in 2026.
Best regards
Phil |
23/04/2025 09:07
Topic:
Cover on Ecuador
Phil Quinn
|
Andrea Bulasch wrote:
Dear Phil,
The limit was granted some years ago (2020). However, there was no recent turnover covered, so the limit is currently not in use.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division |
23/04/2025 09:11
Topic:
Cover on Ecuador
Phil Quinn
|
Thanks Andrea and Euler Hermes. No further questions.
Kind regards
Phil Quinn |