Fitch, S&P downgrade nation after Maduro talks restructuring Venezuelan default is ‘highly probable,’ Fitch Ratings says Venezuela’s President Nicolas Maduro Photographer: Carlos Becerra/Anadolu Agency via Getty Images Venezuela’s credit grade Continue Reading
President Nicolás Maduro’s decision to restructure Venezuela’s $89bn of debt is likely to unleash a debt crisis of a size not suffered in Latin America since Argentina’s massive 2001 default, Continue Reading
Venezuelan President Nicolás Maduro spoke at a news conference in Caracas on Oct. 17. Mr. Maduro’s announcement Thursday that his country would attempt to restructure its debt drove down the Continue Reading
Some bonds fall as much as 18 cents after announcement Government says it will keep paying debt during talks One day after President Nicolas Maduro left traders puzzled by pledging Continue Reading
The International Monetary Fund issued a warning to Venezuela on Friday after finding the country had failed to provide regular economic data to the institution, two board sources with knowledge Continue Reading
Venezuela’s cash-strapped government invited creditors to a Nov. 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the OPEC nation’s Continue Reading
Maduro plans one more payment on PDVSA bonds maturing Nov. 2 From there on out, the nation will try to renegotiate its debt g President Nicolas Maduro said Venezuela will Continue Reading
Venezuela’s President Nicolás Maduro (center) speaks during an event to hand over ambulances for Miranda state government, next to Venezuela’s Vice President Tareck El Aissami (left) and Hector Rodriguez, governor Continue Reading
Venezuelan President Nicolás Maduro said late on Thursday that the country would restructure and refinance its debts after the state-owned oil company makes one final payment, a long-awaited move by Continue Reading
Venezuela has the world’s highest inflation, estimated by the International Monetary Fund to reach 653% this year. The country has been ravaged by shortages of food and medicine, and months Continue Reading
