Another obvious attempt to misinform: RBS says no credit pulled from Venezuela's PDVSA

[Judi Lynn]

RBS says no credit pulled from Venezuela's PDVSA
Sat Oct 18, 2008 8:10am EDT

LONDON, Oct 18 (Reuters) - Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz) said on Saturday it has not pulled any lines of credit from Venezuela's state oil company PDVSA, denying a report it had withdrawn a $5 billion facility.

U.S. business news channel CNBC reported late on Friday that RBS had eliminated a credit line to PDVSA, following similar reports in two small Venezuelan anti-government newspapers.

A spokeswoman for RBS said the credit line referred to had not been approved earlier this year and had therefore never been withdrawn.

She said the British bank had other lines of credit out to Venezuela from both its RBS and ABN AMRO businesses and that these were running as normal.

http://www.reuters.com/article/bondsNews/idUSLI68125220081018