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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The behind-the-scenes of the events of April 11, 2002

Alarmed because of the emotional breakdown suffered by his ally and his destiny; Fidel Castro requested asylum for deceased Venezuelan President Hugo Chávez in Madrid back on April 11, 2002. "The story had been much darker and more entangled than what some people's imagination has wanted to believe in and disclose," former Spain's President, José María Aznar, upholds in his autograph book published by late 2013.

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