Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Ukrainian UK

Breaking

Venezuelan government in debt default

Latest news

    Nov. 14 (UPI) — Venezuela and its state-run oil company, PDVSA, are in default after falling behind on debt payments, multiple credit agencies declared.

    Standard & Poor’s Global Ratings, Moody’s Investors Service and Fitch Ratings declared the South American country in default all within a period of 24 hours, Bloomberg reported Tuesday.

    S&P said Venezuela failed to make $200 million in payments on its foreign debt.

    S&P defined Venezuela as being in “selective default,” when a country fails to make a debt payment when it’s due. The $200 million payment was due Sunday. The country also is overdue on about $420 million in bond payments but a 30-day grace payment has not yet expired on that amount.

    Venezuela owes an estimated $140 billion in external debt.

    Caracas officials met with investors Tuesday in an attempt to renegotiate the country’s debt, BBC News reported. Investors said, though, the government of President Nicholas Maduro did not make any proposal on how to restructure its debt.

    Vice President Tareck El Aissami read a statement during the meeting blaming U.S.-imposed sanctions on Venezuela. In July, the U.S. Treasury specifically named El Aissami and a dozen other current and former officials in sanctions for allegedly being involved in Maduro’s violent suppression of protests, corruption and currency manipulation.

    View the original article: https://www.upi.com/Top_News/World-News/2017/11/14/Venezuelan-government-in-debt-default/2561510688867/

    https://www.upi.com/Top_News/World-News/2017/11/14/Venezuelan-government-in-debt-default/2561510688867/ to see original story and photos

    In the same category are

    New England Patriots’ Tom Brady stays quiet on condition of hand Tom Brady wore red gloves when he addressed the media Friday, but the New England Patriots quarterback was not interested in talking about his injured...
    New Zealand Prime Minister Jacinda Ardern pregnant with first child Jan. 18 (UPI) -- New Zealand's Prime Minister Jacinda Ardern announced she and her partner Clarke Gayford are expecting their first child in June. Ard...
    Trump announces ‘Fake News’ awards for incorrect reporting, unfavorable coverage Jan. 17 (UPI) -- President Donald Trump announced his "Fake News" awards Wednesday night, making good on his promise to criticize the media for false ...
    Scammer creates Twitter account posing as Florida lottery winner Jan. 16 (UPI) -- A fake Twitter account posing as 20-year-old Florida lottery winner Shane Missler falsely offered followers a share of his $451 milli...
    Pittsburgh Steelers’ David DeCastro embarrassed by pregame trash talk, loss Jan. 15 (UPI) -- Veteran offensive lineman David DeCastro was not entertained by the Pittsburgh Steelers' trash talk of the New England Patriots befor...
    Phil Murphy says he’s fighting for ‘stronger and fairer economy and society’ Jan. 14 (UPI) -- New Jersey's Governor-elect Phil Murphy said Sunday he is working toward a "stronger and fairer economy and society" in "the most div...

    Leave a comment

    Your email address will not be published. Required fields are marked *