Fitch gives Venezuela bonds B+

Fitch Ratings said it has assigned a long-term foreign currency rating of B+ to the following Bolivarian Republic of Venezuela international bonds: $2,496 million of 10-year 7.75% eurobonds and $2.496 billion of five-year 8.25% eurobonds.

The rating is in line with Venezuela's foreign currency issuer default rating, which currently has a stable outlook, the agency noted.

According to Fitch, a tenuous macroeconomic policy framework has increased the vulnerability of the economy and public finances to external shocks as well as deepened dependence on high oil prices.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.