Credit insurer to cut cover for UK housebuilder Vistry’s suppliers

Allianz Trade to Reduce Coverage for Vistry Group Suppliers

Allianz Trade is reportedly planning to reduce credit insurance coverage for suppliers of the UK-based housebuilder Vistry Group, according to a report from the Financial Times. The move is considered likely to further impact the cash flow of Vistry, which is already facing challenges. Details about the extent or timing of the changes to the coverage were not specified in the report.

Original Source: https://www.ft.com/content/a93425c1-0fce-45ba-b716-4f943432aa2f?syn-25a6b1a6=1