|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Venezuela (Click here for more Venezuela news)

Moody's Says Venezuela Debt Restructuring to be "Among Largest and Most Complicated"

By Jaime Reusche
Moody's Investors Service

NEW YORK -- Following Venezuela's (Caa3 negative) missed interest payments in November which constituted default events, the eventual restructuring could be one of the largest and most complicated sovereign defaults seen by Moody's Investors Service, the rating agency says in a new report.

Moody's expects that the combined restructuring, which would follow missed bond interest payments from national oil company PDVSA and the government, will likely exceed $65.2 billion. That amount would be the fourth-largest default recorded by Moody's, behind Greece in 2012, Argentina in 2001, and Russia in 1998.

Moody's notes that Venezuela's restructuring will be more complicated, however, than other sovereign defaults, with prior cases offering limited visibility into the likely outcome for Venezuela.

Moody's had downgraded Venezuela to Caa3 from Caa1 in January 2015 and placed a negative outlook on the rating in March 2016.


 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved