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Venezuelan Credit Dashboard: Short-Term Default Concerns Ease
Venezuela, which has the largest crude reserves on the planet, has defied predictions of default since the oil collapse started in 2014 and analysts are split as to how long the nation of 30 million can hold out. With that in mind, Bloomberg took a closer look at some of the key components that may determine its fate.
The government and state oil company Petroleos de Venezuela SA have to pay a mere $45 million in principal and interest on debt in June and only $70 million in July, according to data compiled by Bloomberg. A bigger test comes in August, when the country has to pay $1.2 billion (that amount falls to $726 million when dual-currency, government TICC bonds denominated in dollars and payable in bolivars are excluded) …. http://www.bloomberg.com
Source: http://luismmx.blogspot.com/2016/06/venezuelan-credit-dashboard-short-term.html
