Fixed Income Analysis /
Brazil

ODEBRECHT: Serious liquidity problems and lack of visibility on new projects; reiterate Sell

    Rafael Elias
    Rafael Elias

    Director, Latin America Credit

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    Tellimer Research
    26 April 2018
    Published byTellimer Research
    Odebrecht Engenharía e Construção (OEC), the guarantor of Odebrecht Finance Ltd (ODBR) bonds, has serious liquidity issues and on 24 April issued a Notice to Investors suggesting it is planning to use a 30-day grace period to pay its debt obligations.