S&P could drop PDVSA

S&P could drop PDVSA

Debt Corporate & Sovereign Strategy Capital Markets Economy & Policy Energy Regulation Venezuela

S&P Global could remove Venezuela's state-owned oil company PDVSA from its ratings coverage amid growing financial constraints and a lack of transparency, LatinFinance has heard. "We are considering ending our rating, which we have on selective default right now," said a source at S&P. "We have not seen audited financial statements on this company for a while. It's very difficult to understand its finances." S&P put PDVSA on selective default, a notch above a full default, in Novembe

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