Fitch rates Venzuela global bonds B+

Fitch Ratings said it assigned a B+ rating to the 10-year global bonds issued by the government of Venezuela. The outlook is stable.

The €1 billion issue matures March 16, 2015 and has a 7% coupon.

Fitch said Venezuela's sovereign ratings are supported by superior international liquidity relative to similarly rated sovereigns. The ratings are constrained by volatility in government revenues because of heavy reliance on oil and by concerns about willingness to service debt.

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