Standard & Poor's: Another VENEZUELAN BOND is in a DEFAULT situation

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Standard & Poor's: Another VENEZUELAN BOND is in a DEFAULT situation
![marico el que lo lea mucho.jpg](https://steemitimages.com/DQmS72NteGXDMNY5jseGnW2r7opvknyUhoDmrMc6xkU4oBS/marico%20el%20que%20lo%20lea%20mucho.jpg)

Due to the non-fulfillment of payments, the note of those bonds was reduced to "D", the category equivalent to the default.

The Venezuelan government did not comply with a payment of 35 million dollars for a sovereign position that remained in that situation, reported on Tuesday the rating agency Global Rating and Rating of Poor's Global (S & P).

"In accordance with our criteria on compliance with payments, we have lowered the note of those bonds to 'D'", the category equivalent to the default, the agency reported.

At the same time, S & P reaffirms that the short and long-term classification of the country's credit in foreign currency remains in 'SD' and 'D'.

S & P and rating agency Fitch also declared Venezuela and state oil giant PDVSA in partial default in December 2017, due to delays with several capital and interest payments on the company's sovereign debt.

PDVSA, which contributes 96% of the country's currencies, was declared on November 16 by the International Association of Swaps and Derivatives (ISDA) for three delays in its payments.

![635913657323980004-899x600.jpg](https://steemitimages.com/DQmUxCDspkXWpcr7ix8bV9zKfpkqzWtx2mjTiFWZfpVjEW2/635913657323980004-899x600.jpg)

The country with the largest oil reserves in the world must pay about 8,000 million dollars of sovereign debt and PDVSA in 2018.
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