Wednesday, November 15, 2017

Venezuela Defaults on Foreign Debt Repayments

The ratings agency said the South American nation had failed to make $200m in repayments on its foreign debt. Venezuela’s state-run oil company PDVSA has also been declared in default by rating agencies Fitch and Moody’s. The news came just hours after the government met investors in Caracas to try to renegotiate its debt.

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