fitch cuts venezuela debt rating
Last Updated : GMT 09:03:51
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Last Updated : GMT 09:03:51
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Fitch cuts Venezuela debt rating

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Almaghrib Today, almaghrib today Fitch cuts Venezuela debt rating

Fitch cuts Venezuela debt rating
Washington - Al Maghrib Today

The Fitch ratings agency said Friday it has cut the rating on Venezuela's foreign debt after the government called for a creditors meeting to renegotiate a debt load estimated at $150 billion.

Fitch cut the debt grade to "C" from "CC" based on the announcement and on "previously missed payments" which "makes a default event highly probable," the company said in a statement.

Source: AFP

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