March 12, 2019 |
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 Novem
Rating agency does not have access to the Venezuelan state-owned oil company's financial statements, source says