diff --git a/contracts/lendingpool/LendingPoolCollateralManager.sol b/contracts/lendingpool/LendingPoolCollateralManager.sol
index b6a0b5ca..16abdd10 100644
--- a/contracts/lendingpool/LendingPoolCollateralManager.sol
+++ b/contracts/lendingpool/LendingPoolCollateralManager.sol
@@ -194,13 +194,6 @@ contract LendingPoolCollateralManager is VersionedInitializable, LendingPoolStor
     //update the principal reserve
     principalReserve.updateState();
 
-    principalReserve.updateInterestRates(
-      principal,
-      principalReserve.aTokenAddress,
-      vars.actualAmountToLiquidate,
-      0
-    );
-
     if (vars.userVariableDebt >= vars.actualAmountToLiquidate) {
       IVariableDebtToken(principalReserve.variableDebtTokenAddress).burn(
         user,
@@ -223,6 +216,13 @@ contract LendingPoolCollateralManager is VersionedInitializable, LendingPoolStor
       );
     }
 
+    principalReserve.updateInterestRates(
+      principal,
+      principalReserve.aTokenAddress,
+      vars.actualAmountToLiquidate,
+      0
+    );
+
     //if liquidator reclaims the aToken, he receives the equivalent atoken amount
     if (receiveAToken) {
       vars.collateralAtoken.transferOnLiquidation(user, msg.sender, vars.maxCollateralToLiquidate);