EFTA Document EFTA01380757

7 October 2016 Corporate Credit,Energy Patrols° areallair° S.A. are compelling enough to compensate for the company's maturity wall (USD6Obn in four years and USD104bn in nine years), subordination risk and the significant challenge to contain its cash burn and sell a sizable amount of assets in a scenario of Brent price under USD55/bbl, all in absence of a material show of support from the government, which we fear that might not come anytime soon. In other words, albeit a timely show o