Fitch says Venezuela default is probable

PDVSA
By Oliver West
31 Aug 2017

Fitch downgraded Venezuela by three notches on Wednesday, saying that the imposition of US government sanctions on the country further reduced its financing options.

The rating agency cut the crisis-stricken Latin American sovereign from CCC to CC, saying that a default was now “probable”.

US president Donald Trump on August 25 issued an executive order prohibiting US citizens or entities from dealing in new debt issued by the Venezuelan sovereign or state oil ...

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