S&P downgrades Venezuela
Ratings agency Standard & Poor's lowered Venezuela's credit rating on Tuesday one notch to CCC+, saying "continued economic deterioration" put it at risk of a debt default in the next two years. The downgrade puts the struggling South American oil giant ...
S&P Cuts Venezuela to CCC+
"The Venezuelan government's failure to take timely corrective actions has contributed to economic deterioration and shortages of foreign exchange. Economic recession, high inflation, and growing external liquidity pressures will continue to erode the ...
