Venezuela hit by Fitch downgrade

Venezuela hit by Fitch downgrade

Economy & Policy Corporate & Sovereign Strategy

Fitch downgraded Venezuela’s sovereign rating a notch to B on Tuesday and gave it a negative outlook to reflect the OPEC country’s macroeconomic instability, a lack of policies to curb inflation, and problems in its FX market. More than 30 people have been killed in anti-government protests in recent weeks, and inflation is running high. The agency said the negative outlook signaled that the country’s external buffers may deteriorate and that the country may face increasing political unrest as a

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