04 de noviembre de 2017 16:03 PM
Actualizado el 04 de noviembre de 2017 16:16 PM
Credit rating agency Standard & Poor's reported on Friday that it has downgraded Venezuela’s debt notes with an outlook of probable default after the announcement made by Venezuelan President Nicolás Maduro about restructuring and refinancing.
The decision followed a similar step taken earlier on Friday by credit rating agency Fitch, AFP reported.
Rating lowered from CCC- to CC. In other words, the agency considers Venezuela’s debt in foreign currency as it were in default, with some possibility of recovery.
S&P justified its decision on grounds that the Venezuelan State could not meet a certain payment term or failed to produce an operation to restructure its debt.