9 issuers of bonds, declared in “default”

Image: Expreso

The “difficult” economic situation knocks the doors of various sectors. In the stock market something happened that might sound tiny into perspective, but for the group of investors that are affected, surely not. Some companies have ceased payments (default) for $ 10.5 million.

“To date, only nine of 344 issuers are in default. However, it should be noted that in some cases the default may be temporary,” told to Daily Expreso the National Securities Market Superintendent, Rafael Balda.

It is thus 2.6% of the total cases, but this complicates the accounts of investors who decided to bet their trust and acquire obligations or securities issued by these companies to finance, in exchange for interest and principal paid in the agreed deadlines.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8804526&idcat=38269&tipo=2