Does the business press really believe this? Do they really believe that a bond default is going to be the thing that sparks a "crisis" for Maduro? They're living in fantasyland. There is no chance that any of the $60 billion of bonds are going to be repaid. Not even a little chance. Maduro is way past the point of caring about international bondholders. His country is on the brink of literal mass scale anarchy because people can't eat.
“There is no chance that any of the $60 billion of bonds are going to be repaid.”
You are right if you mean Maduro and his government are never going to repay them. But Venezuela will have a different government (hopefully soon). It is basically a rich country in terms of resources. A new government will want to get re-connected to the rest of the world’s economy. It will probably happen over a stretched out period, but the bonds will eventually be paid. How long it will take determines whether a 28 cent investment that will return $1 (plus at least some of the interest) is a good one.