No. In the event of default on the credit agreement, the State pays the institution, in lieu of the debtor, an amount of up to 15% of the principal initially agreed, according to the value of the guarantee provided.

The debtor remains responsible at all times for paying the amount not covered by the guarantee to the credit institution, and to the State for the amount it covered and paid to the institution.

In other words, the guarantee does not change the debtor’s responsibility for full payment of the existing debt either directly to the institution or, if the guarantee is triggered, to the institution and the State itself.

In the event of default, the debtor may compromise future access to bank financing, given that, when concluding new credit agreements, institutions are required to assess the debtor’s financial capacity, and defaults on other credit obligations are a key factor.