Venezuela is in selective default according to Standard & Poors, an international credit ratings agency. "Selective default" is used when a country has failed to pay one or more of its financial obligations when it came due, reports the BBC. Venezuela's state-run oil company PDVSA has also been declared in default by rating agencies Fitch and Moody's.
Venezuela in "selective default" (Nov. 14, 2017)
Venezuela in "selective default" (Nov. 14…
Venezuela in "selective default" (Nov. 14, 2017)
Venezuela is in selective default according to Standard & Poors, an international credit ratings agency. "Selective default" is used when a country has failed to pay one or more of its financial obligations when it came due, reports the BBC. Venezuela's state-run oil company PDVSA has also been declared in default by rating agencies Fitch and Moody's.