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Latin America

In reply to the discussion: Default Day in Venezuela [View all]
 

GatoGordo

(2,412 posts)
15. It's official
Tue Nov 14, 2017, 12:57 PM
Nov 2017

S&P declara en “default” deuda venezolana en divisas
(S & P declares Venezuelan debt in foreign currency "default&quot
DolarToday / Nov 14, 2017 @ 10:30 am

The US credit rating agency Standard & Poors (S & P) downgraded Venezuela's sovereign debt in foreign currency to "default" on Tuesday after it failed to pay interests in two of its commitments.

The rating agency announced that the decision is justified by the fact that the Venezuelan authorities did not pay 200 million dollars of the corresponding coupons of global bonds issued with maturities in 2019 and 2024.

The payment was not made after this weekend the 30 days of the grace period were fulfilled.

Consequently, it placed SD / D (selective default / default) sovereign debt of Venezuela in the long and short term in foreign currency, the company said in a statement.

-snip-

https://dolartoday.com/atencion-sp-declara-en-default-deuda-venezolana-en-divisas/

"Never! The default will never reach Venezuela!" Nick Maduro, Sunday, November 12, 2017

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Default Day in Venezuela [View all] GatoGordo Nov 2017 OP
So if not for American meddling the debt could be refinanced? Which is not uncommon in commerce. Fred Sanders Nov 2017 #1
Renegotiated debt takes two willing partners GatoGordo Nov 2017 #2
Shambles after 1999 same as the shambles before. Back on topic, the American sanctions Fred Sanders Nov 2017 #3
How familiar are you with Venezuela pre-1999? GatoGordo Nov 2017 #4
Oh my. MyNameGoesHere Nov 2017 #8
That pre-Chavismo Venezuela was far superior to Chavista Venezuela? GatoGordo Nov 2017 #16
You're history is a few years MyNameGoesHere Nov 2017 #19
Citation needed. IAmTheNight Nov 2017 #5
Here ya go...some remember history, some choose to suppress: Fred Sanders Nov 2017 #6
And today's a thousand times worse under Chavista rule IAmTheNight Nov 2017 #7
A thousand times, ya don't say? I answered your request...now you are upset...I get it. Fred Sanders Nov 2017 #9
Inflation in ChavismoLand LAST MONTH was over 50%. GatoGordo Nov 2017 #10
Chavez sabbat hunter Nov 2017 #13
And not only that, but the Chavista leadership decided to hoard most of the oil revenue IAmTheNight Nov 2017 #20
Delcy looks very fashionable in her Ferragamo shoes and Hermes scarf GatoGordo Nov 2017 #21
Only way he won't default sabbat hunter Nov 2017 #11
Chavismo is on the hook for $15 billion to the Chinese GatoGordo Nov 2017 #14
Winner winner, chicken dinner! GatoGordo Nov 2017 #12
It's official GatoGordo Nov 2017 #15
More: EX500rider Nov 2017 #17
I have relatives (wife's extended family) still living in Venezuela. GatoGordo Nov 2017 #18
13,000,000% and no end in sight GatoGordo Nov 2017 #22
Latest Discussions»Region Forums»Latin America»Default Day in Venezuela»Reply #15