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Venezuela bondholders inch toward showdown

Friday, June 30, 2017

Fitch affirms Venezuela's ratings at 'CCC'

* Fitch on Venezuela says ‍also affirmed sovereign's short-term foreign and local currency idrs at 'c' and country ceiling at 'CCC'
* Fitch says ‍venezuela's ratings reflect weak external buffers, high commodity dependence, large and rising macroeconomic distortions

* Fitch says Venezuela's economic recovery is constrained by prospect of continued tight FX financing/liquidity conditions, declines in oil production & political uncertainty More…

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