S&P: Venezuela negative

Standard & Poor's said it revised to negative from stable the outlook on its long-term foreign currency sovereign credit ratings on the Bolivarian Republic of Venezuela.

At the same time, the agency said it affirmed its B+/B long- and short-term foreign and local currency sovereign credit ratings on Venezuela, while its B+ transfer & convertibility assessment is unchanged.

"The outlook revision reflects growing political uncertainty that could weaken the implementation of economic policies and possibly undermine governability following the presidential elections of April 14," said credit analyst Sebastian Briozzo.

© 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.