Standard & Poor’s Ratings Services cut its rating on Venezuela’s debt deeper into junk territory Friday, citing erratic economic policies and a lack of government cohesion that should hurt the nation’s already weak economic performance.
The rating on the oil-rich nation’s sovereign debt was trimmed by one notch to B-minus, placing Venezuela six levels into junk territory. S&P’s long-term outlook is negative, suggesting further…
Originally posted here: S&P Cuts Venezuela Rating Further Into Junk
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