Fernando Alonso de Florida Rivero, judicial liquidator, announced that the analysis of Crédito Real’s accounting is maintained to “precisely identify” Crédito Real’s assets and liabilities.
The report also included that the insolvency process promoted by a minority group of bondholders, an amparo by some bondholders, and an appeal by minority shareholders against the company’s dissolution ruling, is maintained.
Real credit collapsed in February after defaulting on a $176 million bond, causing the shares to fall to 99% of their value.
