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Venezuela Misses Another Debt Payment, Raising Stakes for Bondholders
Wall Street Journal ^ | January 2, 2018 | Julie Wernau and Imani Moise

Posted on 01/03/2018 5:52:06 AM PST by C19fan

Venezuela has defaulted on another debt obligation, according to S&P Global Ratings, intensifying investor fears about the country’s ability to make more than $9 billion in bond payments due in 2018.

The ratings firm said Tuesday that Venezuela failed to make $35 million in coupon payments for its bonds due in 2018 within a 30-day grace period. The government and the state-owned oil company are now behind on $1.28 billion in payments, according to investment firm Caracas Capital.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: venezuela
Venezuelan debt holders getting what they deserve.
1 posted on 01/03/2018 5:52:06 AM PST by C19fan
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To: C19fan

Ask Bernie what they should do.


2 posted on 01/03/2018 5:54:33 AM PST by FatherofFive (Islam is EVIL and needs to be eradicated)
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To: FatherofFive

Bernie would say they should be bailed out by the U.S. taxpayer.


3 posted on 01/03/2018 5:55:43 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: C19fan

“I ran out of money but I can get some more and ... hey! Where’d all the Other People go??”


4 posted on 01/03/2018 5:59:32 AM PST by ClearCase_guy (Benedict McCain is the worst traitor ever to wear the uniform of the US military.)
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To: C19fan

That’s the ticket. Keep getting final notice due and someone will bail you out. They didn’t get the text the US has a new sheriff who doesn’t play that.


5 posted on 01/03/2018 6:06:55 AM PST by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: FatherofFive
> Ask Bernie what they should do. <

It's a bit unfair to ask Bernie to solve this all by himself. But Bernie plus Sean Penn, that would be a powerhouse combination!


6 posted on 01/03/2018 6:13:20 AM PST by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: C19fan

Lowering stakes, I’d say.


7 posted on 01/03/2018 6:21:29 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: C19fan

Who would be dumb enough to lend to VZ?


8 posted on 01/03/2018 7:11:28 AM PST by lurk
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To: C19fan

Anyone who funded a communist dictator deserves to lose it all.


9 posted on 01/03/2018 7:46:32 AM PST by BinaryBoy ("Immigration Reform" is ballot stuffing)
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To: Leaning Right

Trifecta / Hat Trick





10 posted on 01/03/2018 8:00:33 AM PST by rjsimmon (The Tree of Liberty Thirsts)
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