International credit ratings agency Standard & Poor's has
declared Venezuela to be in "selective default". The ratings agency
said the South American nation had failed to make $200m (£153m) in repayments
on its foreign debt. Venezuela's state-run oil company PDVSA has also been
declared in default by rating agencies Fitch and Moody's. The news came just
hours after the government met investors in Caracas to try to renegotiate its
debt. More… 
Tuesday, November 14, 2017
Venezuela in selective default, says credit ratings agency
International credit ratings agency Standard & Poor's has
declared Venezuela to be in "selective default". The ratings agency
said the South American nation had failed to make $200m (£153m) in repayments
on its foreign debt. Venezuela's state-run oil company PDVSA has also been
declared in default by rating agencies Fitch and Moody's. The news came just
hours after the government met investors in Caracas to try to renegotiate its
debt. More… 
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