Venezuela in ‘debt de­fault’

Irish Daily Mirror - - NEWS -

AN in­ter­na­tional credit rat­ings agency has de­clared Venezuela to be in “se­lec­tive de­fault”.

Stan­dard & Poor said the na­tion failed to make €169mil­lion in re­pay­ments on its for­eign debt.

Venezuela’s state-run oil com­pany PDVSA has also been de­clared in de­fault.

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