Back

Weekly Report - 31 August 2017 (WR-17-34)

VENEZUELA: Default ‘probable’ because of US sanctions, Fitch warns

Fitch Ratings has lowered Venezuela’s junk bonds further into speculative territory, cutting the sovereign’s long-term foreign and local currency ratings from CCC to CC, just two notches from default. The agency said the imposition of US economic sanctions reduced the financing options of the government led by President Nicolás Maduro making default “probable”.

End of preview - This article contains approximately 622 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options