Advertisement

Venezuela in "selective default", says Standard & Poor's

International credit ratings agency Standard & Poor's has declared Venezuela to be in "selective default".
 
The ratings agency said the South American nation had failed to make $200 million in repayments on its foreign debt.
 
Venezuela's state-run oil company PDVSA has also been declared in default by rating agencies Fitch and Moody's.


comments powered by Disqus
More Stories
Most Popular
Downtown Montego Bay flooded
Mother, daughter killed in Cambridge
Conflicting reports over whereabouts of...