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Venezuela in fresh defaults on two bonds: S&P
Venezuela failed to make repayments totalling $237 million on two loans, which have overrun their 30-day grace period, ratings agency S&P announced Wednesday.
The oil-rich, cash-poor South American country failed to make the payments on bonds due 2025 and 2026, S&P said in a statement.
The ratings agency also warned of a "one-in-two chance that Venezuela could default again within the next three months."
"Two additional coupon payments are overdue, but within their grace period. We could lower the ratings on the following issues to 'D' if the government fails to pay within the stated grace period," it said.
https://www.yahoo.com/news/venezuela-fresh-defaults-two-bonds-p-145110565.html
