Drillcotec Cía. Ltda. has received official authorization from the Superintendency of Companies, Securities and Insurance of Ecuador for a second issuance of short-term obligations (commercial paper), for up to USD 2,200,000.00.
This issuance has been assigned an “AA+” risk rating by GlobalRatings Calificadora de Riesgos S.A., confirming Drillcotec’s strong financial position and creditworthiness.
The approval was granted under Resolution No. SCVS-IRCVSQ-DRMV-2025-00024750, dated June 24, 2025, which authorizes the public offering, approves the content of the offering circular, and registers the securities in the Public Securities Market Registry, in compliance with Ecuadorian financial regulations.
The authorization is valid for 720 days, until June 14, 2027.
Download the official resolution here:
Download PDF Resolution
Download risk rating extract (PDF):
Download PDF Risk Rating Extract
