Chilean salmon: $2 billion in debt

The banks most involved are BBVA and Banco de Credito e Inversiones (BCI).

Some sources confirmed to IntraFish the salmon sector has a very risky credit rating, and the guarantees the government reportedly will provide this month won't likely satisfy the banks.

Based on the latest figures available, the salmon industry had debt of $1.6 billion (€1.2 billion) in 2008. However, top bank sources told El Diario Financiero the salmon sector’s debt increased to around $2 billion (€1.5 billion) the last few months of 2008.

BBVA