ESPACIO PUBLICITARIO
CARACAS, Wednesday January 09, 2013 | Update
 
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FINANCE

Moody's sees credit risk in Venezuela amidst uncertainty over Chávez

"Regardless of who succeeds (Hugo) Chávez and what side of the political spectrum he represents, if materialized, this potential opportunity is offset in the short-term by the risks associated with the political transition that could adversely affect the rating of Venezuela," said the firm

EL UNIVERSAL
Wednesday January 09, 2013  03:55 PM
The sovereign debt rating of Venezuela, already in junk status, is facing the risk of being revised in the near term vis-à-vis a political transition given the inability of President Hugo Chávez to attend his inauguration on January 10, warned Moody's Investors Service Wednesday.

"Regardless of who succeeds (Hugo) Chávez and what side of the political spectrum he represents, if materialized, this potential opportunity is offset in the short-term by the risks associated with the political transition that could adversely affect the rating of Venezuela," said the firm in a statement.

Moody's rating of Venezuela's debt is B2 with a stable outlook, backed by the country's oil wealth. Standard & Poor's and Fitch Ratings have rated Venezuelan debt as B+. S & P forecast a stable outlook, while Fitch reported a negative outlook.
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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