Venezuela Lowered

Venezuela Lowered

Venezuela Corporate & Sovereign Strategy

S&P has lowered Venezuela’s credit rating to B from B+, it says, based on challenges the agency sees to the post-Chavez government’s ability to implement policy. “Political polarization and internal challenges within the Venezuelan government threaten to weaken the implementation of economic policies at a time of worsening economic conditions with decelerating GDP growth, increasing inflation, and growing pressures on external liquidity,” S&P says, noting that the uncertainty threatens governabi

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