Fitch rates Venezuela bond B+

Fitch Ratings said it assigned a long-term foreign currency rating of B+ to the Bolivarian Republic of Venezuela's $3 billion 12.75% global bond maturing in 2022.

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

Venezuela's relatively weak policy framework is reflected by the increased state intervention in the economy, an expansionary fiscal stance, an accommodative monetary policy and a fixed exchange rate regime, the agency added.

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