No default risk in Venezuela, despite protest

No default risk in Venezuela, despite protest

Bonds

Violent protests that have hit Venezuela’s major cities and left four people dead have not changed the outlook for the country’s sovereign bonds, analysts said this week. The borrower, rated Caa1/B-/B+, is unlikely to default on its debt as long as oil prices stay high, said Bulltick analysts on Tuesday. “Default would counterproductively increase the current economic havoc,” they said in a research note. “After the sell-off, which has seen Venezuela 2027 yields reach new highs, we think it an i

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