Fitch cuts Venezuela debt rating
Fitch cut the debt grade to "C" from "CC" based on the announcement
Washington - Muslimchronicle
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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