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CS Frets Over Vene Solvency

Aug 13, 2008

Credit Suisse is recommending flat positions in Venezuela bonds after a decline in oil prices which could undermine the Andean nation’s solvency. The shop says it is cutting losses on a June 8 recommendation of long positions in sovereign 2023s hedged...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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