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S&P declares Venezuela in selective default after missed payments

Reuters  |  CARACAS 

CARACAS (Reuters) - S&P Global Ratings declared Venezuela in selective default after it failed to make coupon payments on bonds due in 2019 and 2024 within a 30-day grace period, and warned there was a strong chance the South American country would miss further payments within three months.S&P said in a statement late on Monday that Venezuela had failed to make $200 million in coupon payments for its global bonds due 2019 and 2024 within the 30-calendar-day grace period, due on Sunday. President Nicolas Maduro's government had summoned creditors to Caracas for talks on Monday about ...

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First Published: Tue, November 14 2017. 16:42 IST