ESPACIO PUBLICITARIO
CARACAS, Wednesday January 09, 2013 | Update
 
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FINANCE

Moody's sees credit risk in Venezuela amidst uncertainty over Chávez

"Regardless of who succeeds (Hugo) Chávez and what side of the political spectrum he represents, if materialized, this potential opportunity is offset in the short-term by the risks associated with the political transition that could adversely affect the rating of Venezuela," said the firm

EL UNIVERSAL
Wednesday January 09, 2013  03:55 PM
The sovereign debt rating of Venezuela, already in junk status, is facing the risk of being revised in the near term vis-à-vis a political transition given the inability of President Hugo Chávez to attend his inauguration on January 10, warned Moody's Investors Service Wednesday.

"Regardless of who succeeds (Hugo) Chávez and what side of the political spectrum he represents, if materialized, this potential opportunity is offset in the short-term by the risks associated with the political transition that could adversely affect the rating of Venezuela," said the firm in a statement.

Moody's rating of Venezuela's debt is B2 with a stable outlook, backed by the country's oil wealth. Standard & Poor's and Fitch Ratings have rated Venezuelan debt as B+. S & P forecast a stable outlook, while Fitch reported a negative outlook.
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And they found the jail

At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.

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