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Caracas, Wednesday October 04 , 2006  
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Standard and Poor's upgrades outlook of Venezuelan debt


Standard and Poor's Rating Services confirmed Wednesday the ratings of Venezuelan debt issuance -"BB" for long-term issuance and "B" for short-term issuance. Also it upgraded the country's outlook from "positive" to "stable."

According to a press release in New York, the revision shows "continued improvement of indicators in Venezuela's public and foreign debt," AFP reported.

This comes along with "high oil prices that result in a current account surplus, bolstering in turn public sector external assets."




 
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